Answer a, b and c. Please explain each point you make Read the following case scenario and answer all the questions that follow it.Businesses are experiencing major impacts no matter how established they are andare having to re-look at how they manage and operate their business including re-visitation of their business plans, vision and mission.It has become challenging for most businesses to keep their financial wheelsturning during this COVID-19 period due to less revenue churn and the generaluncertainty in the global financial environment.Unfortunately, the impact on startups or small businesses can be way more brutalas they have scarcer cash reserves and a smaller margin for managing suddenslumps. The ripple effect of this shutdown will have a key impact on Ghanaianeconomy, as all business sectors get affected resulting in low revenue generationdue to an eventual halt/slump on the sale of products and/or services.So, during such testing times, startup entrepreneurs will have to adapt to a new setof rules and be mindful of the strategies of the new normal to alleviate risks and tosurvive the slowdown caused by the impact of COVID19.QUESTION 1a. The lingering global pandemic has greatly slowed the migration of peoplefrom region to region and from country to country across the globe.What are the strategic implications of these trends for companies?b. It is very difficult for businesses especially the start-ups to get loans frombanks. What other means would you recommend for them to raise capital?c. Suggest five ways to stay connected and afloat during the shutdown

Businesses have seen a change in the way they work in this Covid-19 pandemic. Most of the businesses…

QUESTION 1 a. The lingering global pandemic has greatly slowed the migration of people from region to region and from country to country across the globe. What are the strategic implications of these trends for companies? b. It is very difficult for businesses especially the start-ups to get loans from banks. What other means would you recommend for them to raise capital? c. Suggest five ways to stay connected and afloat during the shutdown

QUESTION 1 a. The lingering global pandemic has greatly slowed the migration of people from region to region and from country to country across the globe. What are the strategic implications of these trends for companies? b. It is very difficult for businesses especially the start-ups to get loans from banks. What other means would you recommend for them to raise capital? c. Suggest five ways to stay connected and afloat during the shutdown

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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