How can a company effectively deal with an economic downturn and what are some strategies they can use MORE?
During an economic downturn a company should reevaluate their pricing plans and packages, and make sure they are comparable to other companies. Smaller businesses that aren’t financially viable to start with are the first casualties in a downturn. You have to retool your model to go after, and keep, larger customers. You want to reduce your overhead.
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