Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The world economy is facing severe economic damage from the coronavirus pandemic. A recession happens during the global financial crisis. The coronavirus pandemic is causing

The world economy is facing "severe" economic damage from the coronavirus pandemic. A recession happens during the global financial crisis. The coronavirus pandemic is causing worldwide economic and human carnage. The human costs of the coronavirus pandemic are already immeasurable and all countries need to work together to protect people and limit the economic damage.

1.By applying industry analysis during the pandemic, what industries are the most promising for the successful profitability? and why? (you may mention more than 1 industry)

2.Many major retailers across the country have closed in response to the coronavirus pandemic, and those that have stayed open including grocery stores have made significant changes to their operations and policies. Let's say that you own large drug firms that already have some branches around the world. you also apply some changes of the operation and policies for your venture due to the pandemic. As a venture that has already operated before the pandemic:

a) What are the best alternative ways of getting funding and financing during the pandemic? and how?

b) To prepare for growth, a business should stay committed to a core strategy. Your venture is in the maturity stage of growth, How does a firm plan for a growth during the pandemic? (state the examples of the plans/strategies)

Step by Step Solution

3.34 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

1 Industries Promising for Successful Profitability During the Pandemic a Healthcare and Pharmaceuticals The healthcare industry including pharmaceuti... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Economics

Authors: Robert Carbaugh

18th Edition

0357518918, 978-0357518915

More Books

Students also viewed these Economics questions

Question

5. Discuss the benefits of brand extensions and brand licensing

Answered: 1 week ago

Question

What is the financial outlook of the organization?

Answered: 1 week ago

Question

What is meant by the term trade triangle?

Answered: 1 week ago