Holicent
VIP Contributor
Inflation is the term for price increases for goods and services, and so on. During inflation, prudent money management is essential to a business's survival. This entails keeping an eye on spending, negotiating better prices with suppliers, and ensuring that business operations go as smoothly as feasible. Businesses must exercise caution so as not to annoy customers when raising prices to keep up with rising costs. Having some spare cash on hand is also a good idea in case circumstances worsen. Businesses can weather inflation and even prosper by listening to their customers and being adaptable.