Question

explaining what you believe are the most important issues facing global business and why.

explaining what you believe are the most important issues facing global business and why.

Homework Answers

Answer #1

The most important issue the global business-facing is Covid-19. The airports are closed., cities are locked down and people are being affected by the disease and people are dying. Due to lockdown people have lost the jobs and the purchasing capacity has been reduced. This is not the situation only in the US but all over the world. Since there is not concrete medicine, this is becoming more and more dangerous from the economic point of view.
The countries are interdependent with each other for various products and services and due to lockdown or restricted business operations, the trade has been affected. The production is low and demand is also at the lower side. Countries are also imposing sanctions on each other. So undoubtedly Covid-19 is the most important issue facing global business.

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