Question

4- A- In a short essay describes how the current financial and global business sectors are being affected
by the Covid-19. Give one example locally and two examples internationally.

Answer 1

COVID 19 has disrupted most of the business with countries going for a prolonged period of lockdown.

Two examples of internationally affected business sector.

Aviation Sector has been the most affected financially as well as in terms of business as International travel came to standstill across the world due to COVID 19 and the associated lock down. Some of the aviation companies have applied for bankruptcy as there was no cash flow coming in and at the same time they were burdened with refunding the ticket costs for the suspended flights. So its going to take a long time for the aviation companies to get their fiancial and business condition back in shape.

Pharmaceutical Sector in a sense has been positively impacted by COVID 19. Many pharmaceutical companies have gone into R&D mode in search of the vacccine for COVID 19. Some of them have also launced vaccines based on approval from the authorites. Further by nature of busliness, people have not stopped taking their regular medicines which have kept he cash flow running for the pharma sector.

Locally, the fast moving consumer companies have been least affected as most of the goods sold by them fall under the essential services. Thus they have been able to keep their financial position intact and to an extent the sales have increased as people began to stock up on essentials with the fear of extended lockdown.