The figure above, retrieved from an article by BBC News reporters, shows how the stock exchange market is slowly recovering amidst the coronavirus pandemic after the employment of containment measures. From the graph, the stock exchange market was worse hit in April 2020 since the outbreak of the virus. However, in May, the situation has improved, and slight recovery has been and continues to be recorded.
Discussion
Enterprises across the globe have been severely affected by the coronavirus pandemic drawing from the information collected. Many businesses have recorded huge losses. Nevertheless, companies have adopted measures to help them adjust and retain their competitive edge in the market. Worth noting, most of the containment measures are supported and implemented by the state governments. Governments have implemented measures meant to cushion businesses such as tax reliefs and tax exemptions. The strategies utilized by companies, among others, are conducting their transactions and engaging their clients online.
According to Jones, Palumbo & Brown (2020), the stock exchange market has recorded some relief in May after recording its worst performance in April. This figure shows that businesses are learning to adjust and inventing new ways of conducting business. This statement implies that despite the coronavirus pandemic and its impact, businesses are slowly reopening and gradually going back to normal.
Recommendation and conclusions.
Businesses still have a long way to go to guarantee that they fully adjust and retain their competitive advantage(s). The following recommendations should be considered to aid in this attempt