Answer to Question #292306 in Accounting for Jen

Question

We actually came across an news article that interviewed a bicycle shop owner who was on the verge of closing his shop before the pandemic, and now due to the pandemic their sales skyrocketed and they were constantly selling out of inventory.

1. List a business/Industry that has been impacted by the pandemic. The impact can be negative or positive. Try not to be too vague or general. For example, don't simply say the pandemic has negatively impacted the service industry. Instead, list a specific service.  DO NOT select the FAST FOOD or RESTAURANT industries. Those sectors are far too common. Write a paragraph

2. Explain how the business/industry was impacted. Was the impact positive or negative? Write a paragraph

3. Discuss the strategic measures the business has implemented to address or tackle the impact. Write a paragraph

4. Do you feel the company/industry addressed it appropriately? List any recommendations you would provide that business? Write a paragraph

Answer 1

1. For example education. The pandemic also had a negative impact on the one hand: personal communication with teachers decreased, but on the other hand, the share of online education increased. this is a positive trend, since it is now possible to study at home from anywhere in the world.
2. In my opinion, the pandemic has had a positive effect, since now you can stay at home and study at home, it is safer, and the teacher only guides you. There will also be a bunch of educational sites with different information and universities can save the cost of teaching students
3. Educational institutions quickly reorganized: they organized distance learning, they also organized fan visits to students - one by one. The teachers compiled a distance learning program.
4. Yes, educational institutions quickly adjusted to forced measures. Recommendations: continue to expand distance learning.