discuss some strategic behaviors of companies during the great depression compared to covid19 recession

Expert Solution

As we all know that it is very difficult time for the whole world covid-19 (apandemic) which made a big pause in our lifestyle and also seized the economy of the entire world( or we can say that it's all our mistakes which we wearing nowadays)

*Business is not upto the expectations:-According to the data given by Economic times 71.31% of businesses have faced the lesser cash flow in which manufacturing sector is badly affected.Due to allover lockdown cancellation and delay in the project is major cause for lesser cash flow.

*Companies change their moto for development:- Campanies have changed their purpose too;for example,the soap that used to be a beauty product the same soap now kills 99.9% of Covid-19 bacteria.Thus,companies have change their moto to increase their production.because there is no work in the market,no work means no money which shift consumer to buy necessary products only.

It was believed that developed and arranged Countries would get well above this crisis than the Undeveloped one.but this didn't happen US v/s Greece or Brazil v/s China are examples of this false dichotomy.

Some of the companies have started resorting to advertising.Along with their product they made a lot of publicity on sanitizer and covid-19, which attracted people towards their product.

The promote sale:-Started giving necessary items with unnecessary items.

We can attach an Economic graph too,

This is Linkedin's Economic graph(digital representation)

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Rahul Sunny answered 1 year ago

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discuss some strategic behaviors of companies during the great depression compared to covid19 recession

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