When the economic conditions of the market
are not stable, it is necessary for a business to take the right financial
decisions to keep themselves afloat in their market. They have to work within
their budget, and have access to affordable solutions to cut down their over
call costs. When the profit margins are low then it is necessary to bridge the
gap between the break-even point. If a business is able to meet their break
even point then they can survive any kind of turbulent economic condition in
the market. Costs have to be managed effectively so that the business is able
to make some profits. This will give them the opportunity to work on options to
help save their business from harsh conditions.
Communication plays the most important
role for a business. “To Know” is the most important factor for a manager to
take the right decision at the right time. They have to be connected to their
network with cost effective mediums so they not only have the right information
but also manage their costs at the same time. Conventional connections
generally have high charges for business connections. Commercial networks are
generally charged more when compared to home users.
India
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