How Businesses Are Responding to the Coronavirus

How Businesses Are Responding to the Coronavirus

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

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The video discusses the wide-ranging impact of a virus on various industries, comparing it to the SARS outbreak. It highlights unprecedented corporate actions, such as store closures and flight cancellations, and adjustments in forecasts by companies like Starbucks and Apple. LVMH is also affected but sees potential long-term benefits. The recovery of companies depends on their supply chain integration, with Apple facing longer effects and car makers adapting quickly.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the response to the global event differ from the response to SARS?

It was similar in speed and scope.

It was slower but more comprehensive.

It was quicker and more wide-ranging.

It was slower and less comprehensive.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which company adjusted its forecast due to uncertainty?

British Airways

Starbucks

Apple

LVMH

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What impact did LVMH anticipate from the aggressive steps taken by Chinese authorities?

No impact at all

Short-term negative, long-term beneficial

Immediate positive impact

Only long-term negative

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which industry is noted for its ability to quickly adapt to changing conditions?

Retail

Technology

Car manufacturing

Airlines

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factor influences the recovery time of companies from the global event?

The company's marketing strategy

The size of the company

The company's supply chain

The number of employees