Understanding Business Decisions Assessment 2 Individual Assessment

UNDERSTANDING
BUSINESS DECISION

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................8
APPENDIX......................................................................................................................................9

INTRODUCTION
In this current era corona virus affected related to economic consequences that are
beyond spreading disease and that is why whole economy has affected in terms of business crises
(Phillips, Prominski and Tian, 2022). Also, this pandemic cause second largest global recession
in the history and population placed at one place due to lock down. Moreover, inflationary
pressure may pinch the consumer pocket because the rate of production of the goods are
increasing and consumer demand and it increases the lacks of supply. The main cause of the
inflationary pressure cause the economy adjust with the result of supply and demand. Due to
inflationary there are many problem faces by the consumers in order to increase the rate of crude
oil and it impacts on the exercise duty that increases by the government which impact on
increases the rate of other consumers goods such ass edible oil etc.
MAIN BODY
According to the article it has been analysed that there are different types of problem
faces by the consumers due to inflation such as increasing the rate of the edible oil, fuel, grocery
and other commodities and this is the major problem that can be faced by all the Indian due to
pandemic. This inflationary pressure cause the pinched pocket by disruptions for anticipations of
ease for the coming years. Consumer understands that it was very typical to live with that type of
situation while inflation and coronavirus both impacted the person very deeply. Experts thoughts
that inflations is more danger than coronavirus and at this type of situations consumer needs to
be stayed stronger and longer and cooperate with the family (Alcidi, Postica and Pieter De
Groen, 2022). Consumer was not able to understand the situation whether they can survive wits
this or not. After this second wave of covid 19 arrived at the times of April to June at that time
economy was well but Omicron might be affected the company by unsettle everything in the
shorts term. On the other hand to looking back into 2021 it has been analysed that it was the
tough year for the consumer because at that time there are more than 45 % of people lost their
job due to shifting, declining income, business losses etc. That is why inflation rate is also
affected due to demand of product was increased but consumer do not have enough money to
spend on the unnecessary items, so they only buy those goods or service which are most essential
for them. The positives impact of covid-19 are there are some people who are doing work from
home this is the most important causes of savings the fuel and diesel also it has flexibility and
agility because people are improved the employee retention. On the other hand there are many