Q1. In the recent scenario during lockdown due to COVID 19 when most of the businesses are
facing recession demand for consumer electronics has increased (The Economic Times
Which industry you are able to identified may have increase in demand. Generate a business
idea and identify what are the relative questions pertaining business decisions that need to
answer by the manager and Analyse the application of economic theory while taking business
decisions to predict the future course of action and to translate the business idea in to product in
an economical viable manner
14)
Answers
Answer:
New Delhi: As India tries to gain control over COVID-19 pandemic, the period of lockdown, global recession and changes in consumer behaviour are the three factors which will shape the course of economic activities going ahead, says a report. According to Dun & Bradstreet's latest Economy Forecast, the changes in consumer behaviour will determine the segments that are likely to flourish after the pandemic is brought under control.
"As countries are providing fiscal and monetary stimulus, it remains to be seen how much the loss in the economic activity gets recovered, to what extent the income inequality is being narrowed and the degree to which the productivity levels are restored. All these factors will help decide which economies will emerge out to be stronger post this crisis," Dun & Bradstreet India Chief Economist Arun Singh said.
Explanation:
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