Question

impact of covid 19 on business​

Answer 1

Explanation:

Companies and businesses are taking major hits at the beginning of 2020 due to the rapid spread of coronavirus and the results of our survey show that 86% are expecting revenue to take significant falls due to the direct impact of the outbreak.

Companies and businesses are taking major hits at the beginning of 2020 due to the rapid spread of coronavirus and the results of our survey show that 86% are expecting revenue to take significant falls due to the direct impact of the outbreak.From that 86%, 33% are predicting a revenue fall of more than 15%, 21% believe their business’ revenue will fall within 10%-15%, while another 33% expects their revenue to fall 10% or less.

Companies and businesses are taking major hits at the beginning of 2020 due to the rapid spread of coronavirus and the results of our survey show that 86% are expecting revenue to take significant falls due to the direct impact of the outbreak.From that 86%, 33% are predicting a revenue fall of more than 15%, 21% believe their business’ revenue will fall within 10%-15%, while another 33% expects their revenue to fall 10% or less.The significant drop in revenue will have a trickle-down effect on the economy as companies are struggling to adjust their business strategies in preparation for an economic downturn.

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