Question

Due the Covid-19

1 Which types of businesses are making profits or losses in coronavirus?
2 What sort of businesses are a good investment?
3 Can you think of any businesses which have gone bankrupt recently?
4 Which company shares are going up or down at the moment?

Answer 1

Answer1: Type of businesses are making profits in coronavirus: Technology backed businesses in education, health, e-commerce (Amazon), pharmaceuticals, NetFlix streaming entertainment, Google, Facebook, video conferencing company like zoom, etc. lockdown in most countries give people a strength to use technology n it gives a big boost to above companies and industries, etc.

Type of businesses are making losses in coronavirus: Carpooling companies like uber, ola, restaurants, Travel and tourism, automobile sector due to less travel by the citizens, garment industry, hotel industry, salon, Aviation sector, railway sector etc.

Answer2: Businesses which are a good sort of investment: Organic food stores as people are more attracted to organically grown food, which is free from pesticides and insecticides.

• in the eCommerce industry, one can invest in order to reach more customers.
• Online consultancy business like online teaching, online music classes, online dietician, online cooking classes, online photography classes.

Answer3 any business which got bankrupt recently: JC penny pier1 imports became bankrupt due to COVID-19 it was a department store chain a major retailer that went out of business due to the decline of foot traffic and failure to compete with e-commerce like Walmart and Amazon.

Answer4 companies share which goes up in pandemic: zoom video communication shares go up, Netflix shares, Amazon, Alibaba, Johnson, and johnson.

companies whose shares are going down in this pandemic: Induslnd bank, general insurance corporation of India, TATA motors, ONGC.