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How should businesses react when cost of production increases.
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[QUOTE="CALVINDOL, post: 269804, member: 43757"] There is indeed no best way to react when cost of production increases than to channel all available capital to the production and manufacturing of only goods and services capable and able to be patronized by members of the public . Increased cost of production is absolutely a trying times for most businesses and if care is not taken majority of businesses terms to go bankrupt during times of increased cost of production . But in order to survive you have to be able to know which product or which goods and services that your customers and clients are more likely to purchase and if you are able to know this product in particular you must channel or available resources and revenue to only the production of these goods and services more likely to be bought and patronized by members of the public so that at least you could still be making reasonable amount of productivity and revenue. Most businesses are unable to identify which products to focus on that is why they go bankrupt . [/QUOTE]
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How should businesses react when cost of production increases.
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