Ques:- A company is having a cash flow problem and needs to reduce its costs, otherwise it will have to lay off staff. How should the company proceed?
Asked In :-
Vinove Software & Services Pvt Ltd, Object Frontier Software, RANDSTAD INDIA PVT, Spectra Medix India, Appiness Interactive, PeopleStrong HR Services, Codelogicx Technologies, Travanleo Info Solutions India, INMORPHIS SERVICES, orangescape technologies ltd,
Right Answer:
The company should analyze its expenses to identify non-essential costs that can be reduced or eliminated, negotiate better terms with suppliers, consider temporary salary reductions or furloughs instead of layoffs, and explore ways to increase revenue, such as improving sales strategies or offering promotions.
The company should analyze its expenses to identify non-essential costs that can be reduced or eliminated, negotiate better terms with suppliers, consider temporary salary reductions or furloughs instead of layoffs, and explore ways to increase revenue, such as improving sales strategies or offering promotions.