Question
Choose a business and evaluate the business on its ability to overcome current issues. Using examples from recent events, Covid, supply chain issues, inflation, and
Choose a business and evaluate the business on its ability to overcome current issues. Using examples from recent events, Covid, supply chain issues, inflation, and rising interest rates describe how the business is impacted and what it could possibly do to mitigate these risks.
Key points to investigate, was the business successful through Covid; did it remain open, did it adapt to changing environments, did it alter its business model.
Supply chain; has it impacted production or its ability to supply customers, has the business been able to find substitute products, what innovation has been brought forward.
Inflation; have prices risen, is demand still the same, is it a want or a need, can it be profitable without price increases.
Interest rates; any long-term impacts to financing, any increase in pricing, wider market impacts, has the industry been disproportionately impacted.
Remember to compare the business in the same industry as well as the entire market as a whole to show if the business has been able to innovate. Examine any past ways the business has mitigated current risky situations. Provide the comments on how you would operate the business in todays current volatile market. What value would you provide to this business? Is innovation key to survival
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