Cost Efficiency Systems Development Quiz

By analyzing current workflows and identifying areas for improvement (correct)

By increasing the budget for operational expenses

By conducting market research to understand industry trends

By outsourcing the identification process to third-party consultants

To expand the company's product line and offerings

To streamline operations and reduce unnecessary expenses (correct)

To increase the number of employees within the organization

To invest in high-risk ventures for potential gains

To impress shareholders with complex cost-saving strategies

To compete with other companies by lowering prices

To meet short-term financial targets at any cost

To ensure long-term sustainability and profitability of the business (correct)