Impact of COVID-19 on International Business

Impact of COVID-19 on International Business
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Impact of COVID-19 on International Business
2020 was one of the toughest seasons for business due to the effects of the COVID-19 pandemic. The lockdown measures and stringent measures such as restriction of public gatherings and maintenance of social distancing imposed these effects realized by companies. As a result of these measures, some companies had to shut down their operations. In contrast, others had to lay down their staff due to a significant reduction in the profitability of the companies. Of these companies, the major organizations that were tremendously affected by the COVID-19 restriction are international cooperation. With their large market share and a significant amount of resources at stake, these companies would lose a lot if they decided to sit down on...