Question

Pandemic affecting business question:

How was your business affected by the pandemic? If chosen to receive grant money, how will it be used?
(Examples that can be used: Interior cleaning, advertising, inventory, exterior clean up, and signage)

Answer 1

. In this case, the situation related to the Pandemic affecting business.

Pandemic destroyed the productivity and the rotation of the business.

Pandemic reduces the demand of the economy and with this effect, overall demand suffered a lot and it reduces the purchasing power of the consumer.

Pandemic created a critical situation of job loss in the economy and with this effect, people are not able to increase their overall demand in the economy because if the person is not having sufficient money so it is very difficult for the person to purchase the commodity on a regular basis and therefore all the businesses are affected badly in this situation.

Pandemic reduces the overall purchasing power of the continuous because of job loss and other factors which reduces the overall productivity in the economy.

The grant money is not sufficient and not a permanent solution to provide support to the business for short time because grant money is that money which is just support given to the businessman to work as per the handle of variable expenses and the overall expenses of the business are not able to handle by the business class and ultimately the basic expenses like interior cleaning, advertising, inventory, exterior cleaner and all the other expenses only period up to a certain level that is in the short run but in the long run, it is very difficult to cover up all the things and to provide the support to the economy.