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Consider methods that businesses might manage their costs to boost their profitability and survive an economic slump. Consider a recession. Be inventive and draw on

Consider methods that businesses might manage their costs to boost their profitability and survive an economic slump. Consider a recession. Be inventive and draw on your prior experiences working for employers, running your own business, working for major chains, etc. Additionally, describe how businesses might avoid devaluation by using the time value of money during recessions or periods of inflation.

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