i. Using facilities Management
This is a strategy in which the business will cut down the cost of purchasing equipment like
computer to be used in business activities but instead outsource this services in which the
business will enjoy expert services hence optimizing their profits.
ii. Merging
Business should join together to work as one. This will facilitate productivity and hence growth
in organisation.
iii. Employing versatile employees.
These are employees who can perform various tasks in the organisation, with them the cost of
managing many employees in the organisation will be revealed hence maximising the profits
their growth.
iv. Using E- commerce and online marketing.
Business should adopt the strategy of trading online to reach a wide range of market within a
short period of time. This will enable them to cut down cost of advertisement and marketing thus
maximising their profits.
Kavungya answered the question on May 18, 2019 at 08:22
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