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Who Benefits From Inflation? ... In other words, inflation can provide businesses with pricing power and increase their profit margins. If profit margins are rising, it means the prices that companies charge for their products are increasing at a faster rate than increases in production costs.
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Increased visibility- real-time status or availability of any process or product
increased efficiency - reduced process time in different areas
better quality- high-quality standards of products and processes
reduced cycle time-faster execution of each process
did get it right?
This means opportunity cost is the deal. Opportunity cost is something you spend money on stuff you absolutely need to live versus the money you spend on stuff you don't need.
The answer is 1) to identify problems in advance 2)to get funding 3) to attract employees and management 4) to keep the company focused on specific goals