Answer: Inflation can be good or bad depending on the business. An essential business with low competition and high loyalty will be less affected by rising prices, but any business will have to compensate for rising costs by raising prices, cutting costs or restructuring.
Answers & Comments
Verified answer
Answer: Inflation can be good or bad depending on the business. An essential business with low competition and high loyalty will be less affected by rising prices, but any business will have to compensate for rising costs by raising prices, cutting costs or restructuring.