2. What are the Impact of COVID-19 to Business
Industry. How does it affect the way of living of every
individual. (10 points)
Answers
Answer:
The COVID-19 pandemic has followed by social distancing, and the lock-down has hit the business market so hard. Even the well-established ones need to re-look how they manage and operate their business to keep the financial wheel turning. Unfortunately, the startups and small businesses impacted brutally, as they have scarcer funds to manage crises. However, some say that great companies often come out during market downturns. Many innovative entrepreneurs have stepped up to help with some old or new techniques and products. With the sudden change in the market due to COVID-19, the businesses needed to change their perspective on entrepreneurship. While some businesses have come to a standstill, there are a few opportunities that have knocked our doors. Investors are showing interest in funding potential COVID-19 solutions and also in industries that
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