Spend to Save – Wisdom or Myth?
It is fact that the COVID-19 pandemic has globally created havoc and the world is still reeling under the consequences. Moreover has this tragedy affected the global economy and the way in which business is conducted. However, the economists and other influential people are telling us that the worst is yet to come. Amidst al the doom and gloom, there are businesses that still operate or are busy desperately to find ways and means to survive. Survival is applicable to all scale of businesses – from the smallest solo operator to global conglomerates. Human ingenuity and entrepreneurial is being tested like no other time in history. The world has survive in the past. There were global conflicts and pandemics that tested the existence of mankind, but the world has survived. In a quest to survive, business owners and managers must look at every available avenue to find the best possible solution. One of the main items being scrutinized is the matter of cost or expenditure. It is a well