cost to income ratio

How to Improve the Cost to Income Ratio?

Improving this ratio involves either increasing income or reducing costs, or ideally, both. Here are some strategies:
Revenue Growth: Focus on increasing sales, diversifying income streams, and enhancing marketing efforts.
Cost Reduction: Implement cost-cutting measures, enhance operational efficiency, and optimize supply chain management.
Technology Investment: Invest in technology to automate processes, thereby reducing manual labor and associated costs.
Outsourcing: Consider outsourcing non-core activities to reduce overheads.

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