Answer to Question #209938 in Marketing for minha

Question

explain any FIVE impact of Pandemic Covid19 toward international business today.

Answer 1

Since the outbreak of the Coronavirus early last year, there has been a supply shock consisting of a drop in employment, a rise in the cost of international trade imports, a sharp drop in international tourism and travel-related services, and a demand switch by households who purchase fewer services requiring close human interaction, such as mass transport, domestic tourism, restaurants, and recreational activities, while redirecting demand towards consumption of goods and other services.