Mastering Cost-Effective Tools & Technology
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Questions and Answers

What percentage of businesses are not fully aware of the benefits that digital tools can offer in terms of cost optimization and efficiency enhancement?

  • 55%
  • 25%
  • 45% (correct)
  • 15%

What is one of the factors that contributes to the reluctance of businesses to explore newer cost-effective options?

  • Lack of awareness
  • Fear of disrupting established workflows
  • Concerns about the learning curve
  • All of the above (correct)

What is the main barrier to growth mentioned in the text?

  • Reluctance to explore newer options
  • Concerns about the learning curve
  • Lack of awareness
  • Fear of change (correct)

What can embracing cost-effective tools and technology help businesses achieve?

<p>Operational efficiency (C)</p> Signup and view all the answers

Why do businesses tend to prefer the status quo?

<p>To avoid uncertainty and potential disruptions (A)</p> Signup and view all the answers

Why are businesses often hesitant to embrace new tools and technologies?

<p>They fear that the transition might lead to unforeseen issues (B)</p> Signup and view all the answers

According to Deloitte's research, how likely are companies that embrace change and innovation to experience above-average financial performance?

<p>1.5 times more likely (D)</p> Signup and view all the answers

What percentage of businesses agree that data-driven decision-making has helped them save costs and drive growth, according to the survey conducted by PwC?

<p>62% (C)</p> Signup and view all the answers

Why is embracing cost-effective tools and technologies considered a necessity for businesses?

<p>To remain relevant in the evolving business landscape (A)</p> Signup and view all the answers

What are some potential benefits of integrating new tools and technologies, as mentioned in the text?

<p>Unprecedented cost savings, streamlined processes, and positioning as industry leaders (A)</p> Signup and view all the answers

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