The COVID 19 pandemic in 2020 significantly harmed the retail
sector as consumers reduced their shopping and spending. As the
economy recovers in 2021, retail workers are leaving the sector for
higher
Answers
The COVID-19 pandemic had a giant effect on the retail quarter in 2020 as purchasers reduced their shopping and spending. Lockdowns, social distancing measures, and economic uncertainties caused save closures, reduced foot traffic, and a shift in the direction of online purchasing. This resulted in sales losses, economic pressure, and activity cuts for plenty of retail corporations.
As the economy recovers in 2021, there are modifications occurring to retail people. Some retail people who have been laid off or skilled decreased hours during the pandemic may additionally are seeking employment in other sectors that offer higher opportunities, which include healthcare, era, or e-commerce. The retail industry itself is also undergoing variations, with accelerated emphasis on digitalization, e-commerce, and omnichannel techniques.
This shift may require one-of-a-kind talent units and understanding, mainly to an ability to restructure the retail body of workers. Additionally, shops specializing in presenting a secure and handy shopping revel in to regain client self-assurance and entice clients again to physical shops.
Overall, the restoration of the retail region and the destiny of retail workers rely upon various factors which include vaccination prices, patron behavior, authorities guidelines, and the capability of organizations to evolve to converting marketplace dynamics.
To know more about COVID-19,
https://brainly.com/question/28828558
#SPJ4
The correct question is:
"How did the COVID-19 pandemic in 2020 impact the retail sector, and what is happening to retail workers as the economy recovers in 2021?"
Related Questions
Which economic effect does a central bank hope to achieve by buying back large amounts of treasury security
Answers
A. It hopes to reduce the amount of money available for lending.
Explanation:
Usually, the central bank(Federal reserve) control the supply of money in circulation in the economy so that the nation's economy would be healthy. One of the ways through which the federal reserve controls the quantity of money in circulation is by selling or purchasing of government securities through a process known as open market operation.
If the federal reserve sells government securities such as treasury bills, in large quantities, its aim is to reduce the amount or quantity of money available to commercial banks for lending, hence mop up the quantity of money in circulation.
Also, if the federal reserve buys government securities, its aim is to make more money available in large quantities to commercial banks and other institutions, hence have more cash to lend people.
The economic effect that central bank are trying to effect by the process of buying back large amounts of treasury security is bring reduction to amount of money available for lending.
Treasury notes as well as bonds are securities that brings about payment of fixed rate of interest which is usually done every six months till the security reach a stage of maturity.The central bank do buy large amounts of treasury security so that the money that can be available for lending can be reduced.Therefore, this process are put in place to balance the economy.
Learn more at:
https://brainly.com/question/15004115?referrer=searchResults
Which statement explains how a credit card is a form of financial exchange?
A credit card can be used to pay for goods, and the charges are immediately deducted from the user's account.
A credit card can be used to pay for services, and the user agrees to pay these charges at a later time.
Each credit card has a certain monetary value, which users exchange with each other like currency.
Credit cards are paper documents that users write on to indicate the amount being paid to a merchant.
Answers
Answer:
A credit card can be used to pay for goods, and the charges are immediately deducted from the user's account.
What’s a situation in your family or school in which you think the needs of the many outweigh the needs of the few? Explain your Answer.
Answers
The duty to put the interests of the many ahead of the demands of the few, according to utilitarianism, applies even to those with whom one has personal relationships, such as friends and relatives.
Star Trek's heroes appear to agree, as they often prioritize personal loyalty over public responsibility. Bentham coined the expression "the greatest good for the greatest number." The concept was adopted by John Stuart Mill (1806 - 1873) and others, but Pinchot claims to have added "in the long run."
Foresters, as noted by Pinchot biographer Char Miller, are taught to think over vast time horizons. During the talks, it was suggested that Spock kiss Uhura instead (since Spock was part Vulcan).
To learn more about concept, click here.
https://brainly.com/question/16185615
#SPJ1
All of the following are assumptions of the resource-based model EXCEPT: a. firms acquire different resources and develop unique capabilities based on how they combine and use resources. b. firms' performances across time are due primarily to their unique resources and capabilities rather than the industry's structural characteristics. c. differences in resources and capabilities are the basis of competitive advantage. d. resources and capabilities are highly mobile across firms.
Answers
Answer: d. resources and capabilities are highly mobile across firms.
Explanation:
Resource-based theory posits that valuable resources which are difficult to copy are valuable to the success of an organization. Such resources can further develop the capabilities of a firm. In the resource-based model, skilled employees are key to the success of the organization.
A why assumption of this model is that the differences in resources and capabilities bring about competitive advantage.
It should be noted that option D "resources and capabilities are highly mobile across firms" ain't an assumption and is therefore the answer.
in the past decades, direct-to-consumer (dtc) genetic tests have become widespread. which u. s. federal agency is responsible for the future regulation of these tests?
Answers
In the past decades, direct-to-consumer (ditch) genetic tests have become widespread. u. s. federal agency is responsible for the future regulation of these tests FDA.
When did genetic testing start to gain traction?The development of DNA testing in the late 1970s and early 1980s opened the door for stronger methods of identifying and establishing biological ties.
Is genetic testing approved by the FDA?The FDA has regulatory authority over genetic tests since the organization views them as a particular category of medical device. Up until recently, the FDA decided to treat the vast majority of genetic tests with "enforcement discretion.
Do genetic tests evolve with time?But that might alter. Genetic mutations are routinely "reclassified" by laboratories.
To Know more about FDA.
https://brainly.com/question/9072310
#SPJ4
in which subject are you talking about ?
but it means too keep.
Answers
Answer:
Sorry, cannot help you there................
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
Read more on jobs here: https://brainly.com/question/26355886
#SPJ1
2. The owner of a franchise benefits from brand name recognition, access to professional
and nationwide advertising.
Answers
Answer:
True
Explanation:
It is TRUE that the owner of a franchise benefits from brand name recognition, access to professional and nationwide advertising.
This is because the owner of a franchise has various advantages. The advantages include enhanced reputation which covers all the places there is a franchise.
Then there is an increase in management techniques and work practices, including access to national advertising to cover many places and continuous support.
India Pale Ale (IPA) is a beer style that was created for what purpose?
Answers
India Pale Ale (IPA) is a beer style that was created for the purpose of preserving beer during long sea voyages. In the 18th century, British brewers needed a solution to keep beer fresh while shipping it to their troops and colonial citizens in India. Traditional brewing methods did not produce a beer that could withstand the lengthy journey and remain drinkable upon arrival.
The solution to this problem was to create a beer with higher alcohol content and more hops. The increased alcohol and hop levels acted as natural preservatives, helping the beer stay fresh and reducing the risk of spoilage. This innovative beer style became known as India Pale Ale or IPA.
The intense flavor and aroma of hops in an IPA made it a popular choice for consumers, and it soon gained popularity not only in India but also in Britain and beyond. Over time, various IPA styles have emerged, including English, American, and Double IPAs, each with its own unique characteristics.
To know more about India Pale Ale click here
brainly.com/question/31534087
#SPJ11
Explain the project planning steps
Answers
Set goals
Prioritize tasks
Create a schedule
Communicate.
if there were no organized financial markets, how would an entrepreneur acquire resources to develop and produce a new product?
Answers
In the absence of organized financial markets, an entrepreneur seeking resources to develop and produce a new product would rely on alternative methods. Here's a step-by-step explanation of how they can acquire resources:
1. Personal Savings: The entrepreneur can use their own personal savings as an initial investment to finance the development and production of the new product.
2. Family and Friends: The entrepreneur can seek financial assistance from family members and friends who believe in the potential of the new product and are willing to support the venture. They can either provide loans or invest directly in the business.
3. Crowdfunding: The entrepreneur can use crowdfunding platforms to pitch their idea and gather small investments from a large number of people interested in supporting the project. This can be done through rewards-based or equity-based crowdfunding.
4. Angel Investors: The entrepreneur can approach individual investors, known as angel investors, who have a high net worth and are willing to provide financial support to promising start-ups in exchange for equity or convertible debt.
5. Venture Capital: The entrepreneur can seek funding from venture capital firms that invest in high-growth, high-potential start-ups in return for equity ownership. This often involves presenting a solid business plan and demonstrating the potential for significant returns on investment.
6. Business Grants and Competitions: The entrepreneur can apply for business grants offered by government agencies, foundations, or private organizations. They can also participate in business plan competitions that provide cash prizes and other resources to winners.
7. Trade Credit: The entrepreneur can negotiate favorable payment terms with suppliers, such as extended payment terms or deferred payments, to acquire the necessary resources for producing the new product without immediate financial outlays.
By exploring these options, an entrepreneur can secure the necessary resources to develop and produce a new product without relying on organized financial markets.
for such more questions on absence of organized financial
https://brainly.com/question/28333566
#SPJ11
If there were no organized financial markets, an entrepreneur would acquire resources to develop and produce a new product through personal savings, loans from friends and family, or by seeking out venture capitalists or angel investors who are willing to invest in their idea. Without organized financial markets, it may be more challenging for an
entrepreneur to secure the necessary capital to fund their venture. However, there are still options available that would allow them to raise the necessary funds to get started.The first step an entrepreneur would need to take is to identify
their funding needs. They would need to determine how much capital is needed to develop and produce their product, as well as cover any initial overhead costs. Once they have a clear understanding of their funding needs, they could
then begin to explore different funding options available to them. This could include seeking out investors or applying for loans through various lending institutions. Another option would be to explore crowdfunding, which has become an increasingly popular way for entrepreneurs to raise capital. Through crowdfunding, an entrepreneur can pitch their idea to a large group of individuals and ask them to contribute small amounts of money to help fund the venture.Overall, while the absence of organized financial markets may pose some challenges for entrepreneurs seeking to fund a new venture, there are still various options available to them. With careful planning and persistence, an entrepreneur can secure the necessary capital to turn their idea into a successful business venture.
For more similar questions on topic "Entrepreneurship"
https://www.bing.com/?scope=web&cc=IN
#SPJ11
Help PLEASE!!
Why are healthy individual finances important to the economy in North America?
Answers
Healthy individual finances important to the economy in North America because it contributes to the Nation's economy, which supports the global economy. This helps to rise the job opportunities for a region.
Individual financial health is critical to the North American economy since it contributes to the nation's economy, which in turn supports the global economy.
What type of economy does North America have?The economy of the North America is one of the biggest economy in the world. Its economy is classed as sophisticated and mixed. It is one of the world's most powerful economies. This contributes to a region's increased job opportunities.
Thus, it contributes to the nation's economy, which in turn supports the global economy.
For more details about economy does North America have, click here:
https://brainly.com/question/12633497
#SPJ2
Which groups DO NOT come under OSHA's Coverage?
A. The Self-Employed.
B. Immediate members of farming families not employing outside workers.
C. Mine workers, certain truckers and transportation workers, and atomic energy workers who are covered by other federal agencies.
D. Public employees in state and local governments, although some states have their own plans that cover these workers.
Answers
The OSH Act does not cover self-employed individuals, immediate members of farming families who do not employ outside workers, and certain federal employees who are covered by other federal agencies.
The groups that DO NOT come under OSHA's Coverage are the Self-Employed, immediate members of farming families not employing outside workers, mine workers, certain truckers and transportation workers, and atomic energy workers who are covered by other federal agencies, and public employees in state and local governments, although some states have their own plans that cover these workers.
OSHA regulates health and safety conditions for employees.
It's mission is to save lives, prevent injuries, and protect the health of America's workers.
learn more about OSHA here:
https://brainly.com/question/16139925
#SPJ11
OSHA does not cover the self-employed, certain farming families, specific groups covered by other federal agencies, and public employees in state and local governments.
Explanation:The groups that do not come under OSHA's coverage include:
The Self-Employed: OSHA regulations do not cover individuals who work for themselves.Immediate members of farming families not employing outside workers: These individuals are exempt from OSHA regulations.Mine workers, certain truckers and transportation workers, and atomic energy workers: These groups are covered by other federal agencies, such as the Mine Safety and Health Administration (MSHA) and the Department of Transportation (DOT).Public employees in state and local governments: While OSHA regulations do not cover these workers, some states have their own plans to ensure the safety and health of public employees.Learn more about OSHA coverage here:https://brainly.com/question/32902974
#SPJ6
What is decreasing marginal utility?
Answers
Answer:
Diminishing Marginal Utility. Consuming one candy bar may satisfy a person's sweet tooth. If a second candy bar is consumed, the satisfaction of eating that second bar will be less than the satisfaction gained from eating the first. If a third is eaten, the satisfaction will be even less.
he following transactions occurred during December 31, 2021, for the Microchip Company.
On October 1, 2021, Microchip lent $98,000 to another company. A note was signed with principal and 9% interest to be paid on September 30, 2022.
On November 1, 2021, the company paid its landlord $11,700 representing rent for the months of November through January. Prepaid rent was debited.
On August 1, 2021, collected $17,700 in advance rent from another company that is renting a portion of Microchip’s factory. The $17,700 represents one year’s rent and the entire amount was credited to deferred rent revenue.
Depreciation on office equipment is $6,400 for the year.
Vacation pay for the year that had been earned by employees but not paid to them or recorded is $9,900. The company records vacation pay as salaries expense.
Microchip began the year with $3,900 in its asset account, supplies. During the year, $8,400 in supplies were purchased and debited to supplies. At year-end, supplies costing $4,200 remain on hand.
Prepare the necessary adjusting entries for each of the above situations. Assume that no financial statements were prepared during the year and no adjusting entries were recorded.
Answers
Microchip Company adjusting entries for the year ended December 31, 2021Adjusting entry for rent expense:Rent Expense = $11,700Prepaid Rent = $11,700Adjusting entry for depreciation:Depreciation Expense = $6,400Accumulated Depreciation = $6,400Adjusting entry for vacation pay:Vacation Expense = $9,900Vacation Payable = $9,900Adjusting entry for deferred rent revenue
Microchip Company adjusting entries for the year ended December 31, 2021Adjusting entry for rent expense:Rent Expense = $11,700Prepaid Rent = $11,700Adjusting entry for depreciation:Depreciation Expense = $6,400Accumulated Depreciation = $6,400Adjusting entry for vacation pay:Vacation Expense = $9,900Vacation Payable = $9,900Adjusting entry for deferred rent revenue:Deferred Rent Revenue = $17,700Rent Revenue = $17,700Adjusting entry for interest receivable:Interest Receivable = $2,353Interest Income = $2,353Explanation:Adjusting entry for rent expense:Rent is paid in advance, so rent for the month of December is not paid yet. So, to record rent expense for December, the prepaid rent account needs to be reduced by $11,700. The entry will bePrepaid Rent is reduced by $11,700 and Rent Expense is recorded for $11,700.Adjusting entry for depreciation:The annual depreciation on office equipment is $6,400. The journal entry to record depreciation expense is Depreciation Expense is recorded for $6,400 and Accumulated Depreciation is increased by $6,400.Adjusting entry for vacation pay:Accrued vacation payable is a liability account that represents the vacation that has been earned by the employees and will be paid out in the future. The journal entry to record vacation payable isVacation Expense is recorded for $9,900 and Vacation Payable is increased by $9,900.Adjusting entry for deferred rent revenue:Deferred rent revenue is an unearned revenue account that represents rent that has been collected in advance but has not yet been earned. The entry to record deferred rent revenue earned isDeferred Rent Revenue is reduced by $17,700 and Rent Revenue is recorded for $17,700.Adjusting entry for interest receivable:Interest receivable is the interest that Microchip Company has earned on the note receivable issued to another company. As per the given scenario, interest receivable would be 2,353 (98,000 x 9% x 3/12). The entry will beInterest Receivable is recorded for $2,353 and Interest Income is recorded for $2,353.
To know more about depreciation visit:
https://brainly.com/question/30531944
#SPJ11
In
, people invest money in a company in exchange for the company’s
.
Answers
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
For more about Marginal revenue refer to the link:https://brainly.com/question/12231343
What range of interest rate on a
traditional loan can a company in good
financial standing expect from a bank?
A. 1% up to 10%
B. 15% up to 25%
C. 30% up to 45%
D. 50% and up.
Answers
Which margin is at the very bottom of the page when printing worksheets?
top margin
bottom margin
header margin
footer margin
Answers
Answer:
Footer Margin
Explanation:
Just took this :)
Answer:
Footer Margin
Explanation:
A variable can be called or referenced before it has been defined.
O True
O False
Answers
Answer:
True.
Explanation:
Consumers' expenditure Gross Investment Government consumption Exports Undistributed corporate profits Imports Social Security taxes Personal taxes Subsidies Wages and salaries Corporate profit taxes Capital consumption allowance Transfer payment RM (millions) 20,000 50,000 90,000 63,000 10,000 81,000 4,000 42,000 28,000 65,000 10,000 13,000 10,000
Answers
NI = GDP - Imports - Social Security taxes - Personal taxes - Subsidies - Wages and salaries - Corporate profit taxes - Capital consumption allowance - Transfer payment
= RM 233,000 million - RM 81,000 million - RM 4,000 million - RM 42,000 million - RM 28,000 million - RM 65,000 million - RM 10,000 million - RM 13,000 million - RM 10,000 million
= RM 0 Therefore, the National Income (NI) in this scenario is RM 0 million.
To analyze the given information, we can break down the components of national income and expenditure as follows:
Gross Domestic Product (GDP) can be calculated as the sum of the following components:
Consumers' expenditure: RM 20,000 million
Gross Investment: RM 50,000 million
Government consumption: RM 90,000 million
Exports: RM 63,000 million
Undistributed corporate profits: RM 10,000 million
GDP = Consumers' expenditure + Gross Investment + Government consumption + Exports + Undistributed corporate profits
= RM 20,000 million + RM 50,000 million + RM 90,000 million + RM 63,000 million + RM 10,000 million
= RM 233,000 million
National Income (NI) can be calculated by subtracting the following components from GDP:
Imports: RM 81,000 million
Social Security taxes: RM 4,000 million
Personal taxes: RM 42,000 million
Subsidies: RM 28,000 million
Wages and salaries: RM 65,000 million
Corporate profit taxes: RM 10,000 million
Capital consumption allowance: RM 13,000 million
Transfer payment: RM 10,000 million
NI = GDP - Imports - Social Security taxes - Personal taxes - Subsidies - Wages and salaries - Corporate profit taxes - Capital consumption allowance - Transfer payment
= RM 233,000 million - RM 81,000 million - RM 4,000 million - RM 42,000 million - RM 28,000 million - RM 65,000 million - RM 10,000 million - RM 13,000 million - RM 10,000 million
= RM 0
Therefore, the National Income (NI) in this scenario is RM 0 million.
For more question on Income
https://brainly.com/question/30157678
#SPJ8
A company has $10,710 available per month for advertising. Newspaper ads cost $180 each and can't run more than 22 times per month. Radio ads cost $560 each and can't run more than 31 times per month at this price
Answers
Answer:
22 radio advertisements will be used.
Explanation:
Note: A similar complete question is as follow as the question provided is incomplete "A company has $11,970 available per month for advertising. Newspaper ads cost $110 each and can't run more than 25 times per month. Radio ads cost $410 each and can't run more than 32 times per month at this price. Each newspaper ad reaches 5950 potential customers, and each radio ad reaches 7100 potential customers. The company wants to maximize the number of ad exposures to potential customers. Use n n for number of Newspaper advertisements and r r for number of Radio advertisements . Maximize P"
Number of potential customers that can be reached due to each dollar spent in newspaper advertising = 5950 / 110 = 54.09
Number of potential customers that can be reached due to each dollar spent in Radio advertisements = 7100 / 410 = 17.32.
As the number of potential customers reached by each dollar spent is more from the newspaper advertising, we will use all the newspaper advertising opportunities before going for the radio advertisements. So, we will choose to have 25 newspaper advertisements in the month.
The cost of 25 newspaper advertisements = 25*110 = $2750.
Amount left = $11970 - $2750 = $9220.
Number of radio advertisements possible in this budget = 9220 / 410 = 22.48
Hence, 22 radio advertisements will be used.
A cash flow statement can help you develop and determine budget categories.
a. True
O b. False
Answers
what is business?????????????
Answers
A business is defined as an organisation or enterprising entity engaged in commercial, industrial,or professional activities.
what uis more important to you as far as a food establishment is concerned -- a great product or quick, friendly service?
Answers
Customer care is always crucial. Customers are more likely to return when they receive satisfactory service.
What does business establishing mean?Establishment is the level of the Business Register statistical hierarchy that is below the firm and where the accounting data needed to assess production are accessible (principal inputs, revenues, salaries and wages).
The term "establishment" is of what kind?It is a noun that is derived from the verb establishing, which can indicate a variety of things but is most frequently used to signify to found, institute, nor bring into being. I like to buy from local institutions whenever I can. Establishments are objects that have been established, especially enterprises.
To know more about establishment visit:
https://brainly.com/question/3855972
#SPJ4
Why is organic fertilizer better than chemical fertilizer?
Answers
Explanation:
because they doesn't reduce the fertility of the soil as the chemical fertilize does.
hope this helps you
The ____ price indicates how much the market maker will pay per share to buy a stated quantity of the stock, while the ____ price indicates the price per share at which it will sell the same stock. Ask; bid say on pay; spread spread; say on pay bid; ask
Answers
The Bid price indicates how much the market maker will pay per share to buy a stated quantity of the stock, while the Ask price indicates the price per share at which it will sell the same stock.
What is the bid and the ask price?In the financial markets, the Bid price and Ask price are the two prices that are most commonly quoted for a security, such as a stock or a bond. The Bid price is the highest price that a buyer is willing to pay for the security, while the Ask price is the lowest price that a seller is willing to accept for the security.
Therefore, the correct answer is "Bid; Ask". The difference between the Bid and Ask price is called the Spread.
Read more on bid price here:https://brainly.com/question/14770490
#SPJ1
3. Which aspect of professionalism do you feel that you are weakest at? Explain why you think so. Describe at least one thing you could do to improve at it. (1-3 sentences. 2.0 points)
Answers
There are several aspects of professionalism that an individual is able to hone, such as communication skills for example.
How to develop communication skills?Communication can be improved through self-confidence and listening skills. It is essential to establish the plan when communicating an important message, with attention to the effectiveness of the channel and the clarity and objectivity of the communication.
Therefore, communication is an essential skill of professionalism that must be developed through openness to experience and dedication.
Find out more about communication here:
https://brainly.com/question/25793182
#SPJ1
PLZ HELP ON TIMER CARRERS!!!!! 15 POINTS
The advantages of being an entrepreneur are _____.
a.
excitement, independence, and financial risk
b.
flexibility, independence, and salary potential
c.
short working hours, independence, and financial risk
d.
administration, short working hours, and excitement
Please select the best answer from the choices provided
Answers
Answer:
B.
Explanation:
It seems most reasonable.
Why is it difficult to increase the nation’s supply of goods and services when everyone has a job?