Panasonic Corp sank deep into the red last fiscal year amid economic slowdown

The video discusses the significant economic changes in 2008, triggered by the financial bubble collapse, leading to a recession and shifts in market demands. It highlights the expansion of environmentally related markets and the need for businesses to adapt by eliminating unprofitable ventures and reorganizing global operations swiftly and thoroughly.

What major economic event in 2008 led to a significant downturn?

• The rise of cryptocurrency

• The financial bubble burst

• The housing market boom

• The dot-com bubble

Which market trend was observed in 2008 alongside the economic downturn?

• Shift towards low-cost products

• Decline in online advertising

• Increased demand for luxury goods

• Growth in the automotive industry

What was one of the simultaneous changes in market structures during 2008?

• Decrease in environmental market expansion

• Stagnation in technological advancements

• Expansion of environmentally related markets

• Reduction in global trade

What strategic action was emphasized to address unprofitable businesses?

• Expansion of product lines

• Elimination of unprofitable businesses

• Hiring more employees

• Increase in marketing budget

How did companies plan to reorganize their operations globally in response to 2008's economic changes?

• By reducing international presence

• By focusing solely on domestic markets

• By maintaining the status quo

• By globally reorganizing operations