York business owners react to Tier 2 annoucement

The video discusses the adjustments made to the business model to balance finances, the critical role of visitors in business recovery, and how Tier 2 restrictions allow operations to continue. It also highlights the challenges of stocking and making predictions based on government guidelines.

What is a major challenge businesses face according to the first section?

• Reducing their product prices

• Expanding their physical locations

• Balancing their financial books

• Increasing employee salaries

Why is Tier 2 considered manageable for the business?

• It permits the operation of the restaurant and hotel

• It provides government financial support

• It allows for unlimited guest numbers

• It eliminates the need for social distancing

What would have been the impact of Tier 3 restrictions?

• Higher visitor numbers

• A complete lockdown scenario

• More relaxed social distancing rules

• Increased business opportunities

What makes ordering stock challenging for the business?

• Lack of suppliers

• Need to consider both science and government policies

• High transportation costs

• Unpredictable visitor numbers

What factors must businesses consider when planning future operations?

• Only scientific data

• Both scientific data and government policies

• Only local government policies

• Only national government policies