Pob Sba
Pob Sba
Centre No:
Territory: Trinidad
Year: 2023
Table of Contents
Contents Page #
Introduction
Thesis Statement
Objectives
Background/Overview
Description of Topic/Issue/Problem
Methodology
Sample
Type of Data
Limitations
Conclusion
Recommendation
Bibliography
DESCRIPTION OF DEVELOPMENT
Covid-19 had a worldwide impact. The entire world was and continue to be affected by the
deadly virus from school closure to devastated industries and millions of jobs lost. According to
Harvard Business review article by Mr. Bartik, A Way Forward for Small Businesses, it stated
that most small businesses are extremely cash strapped. The vast majority of small businesses
had less than two months of cash on hand to deal with shocks. The median business with
monthly expenses over $10,000 generally didn’t even have enough cash to cover two weeks of
their spending. These results suggest that without a credit lifeline or cash infusion, businesses
will have to either cut their spending drastically or fold.( April 13th, 2020, Alexander W. Bartik,)
One of the main strategies that businesses could use to overcome the effects of the pandemic that
stood out to us from Mr. Thackeray article, 7 ways businesses can respond to the coronavirus,
was Stay “close “ to customers. Businesses will need to make a concerted effort to keep
customers engaged and reassured in the short term. Inventory planning, discounts and special
offers will all help to incentivize current customers. For longer-term stability, firms should start
assessing and targeting other market segments and identify opportunities for growth.(March 18th ,
2020, Darren Thackery)
IMPACT ON STUDENT
Covid-19 had a serious impact on us as students. The various restrictions and protocols have kept
us back in many ways. It had a serious impact on our mental health. We had to cope with new
methods of learning, asynchronous and synchronous which were done online. We found it very
difficult to follow the various protocols such as social distancing, wearing face masks and
sanitizing in the public and at school.
IMPACT ON SOCIETY
My group can share the information that we found from our research with fellow classmates and
businesses in our respective community, to better educate and make them more knowledgeable
about Covid-19 protocols and strategies they can use to successfully run their business during the
pandemic.
METHODOLOGY
The questionnaires were given out face to face to employees on Saturday the 7th of January 2023
and the interviews were conducted with the business owner on the same date.
My group and I chose these instruments because it was the quickest and most efficient way to
collect data
What are some of the covid-19 protocols you had to follow as a worker?
covid 19
wash hands
mask
santizate regularly
This chart shows the majority of people said wash hands was the main covid-19 protocols
followed by tasty treats. The second highest response was wearing mask and the lowest was
santizating regularly.
What measures you take to overcome the Covid-19 restriction.
3 covid-19 restriction
Column2
2
0
online ordering curbsite pick up
Base on the chart the main strategies tasty treat use to overcome the covid-19 restriction was online
ordering. The second main strategies was curbsite pick.
.
Did the covid-19 protocols affect the business sales/profits?
no change
lower sales
0 2 4 6 8 10 12 14
On the above chart the main purpose how my business was affected by the sale there was a lower sales.
Second was the highest sale and the lowest was no change to be made at tasty treats.
Reasons why sales will lower.
120%
100%
80%
20%
0%
curfew hours low numbers of customers low quantity of goods for sale
CONCLUSION
In conclusion Tasty treats were adversely affected by Covid-19 protocols and restrictions. It had
lowered the number of customers coming into the bakery and it had an impact also on the sales.
Lower customers equals lower sales thus lower profits in the business. However we found out
that they overcome these challenges by allowing customers to order online and curbside pickup.
RECOMMENDATION
In recommendation Tasty treats can have sale promotions such as buy one get one free so that
they can increase and maintain their customers. We also recommend that they do house
delivery in order to reach the customers faster and boost sales thus increasing profits.
BIBLIOGRAPHY
1. World economic forum
7 ways businesses can respond to the coronavirus
Darren Thackeray
Wednesday 18 March.2020
Marianne Bertrand,
Zoë B. Cullen,
Edward L. Glaeser,
Michael Luca,
and
Christopher Stanton
April 13, 2020
3. TEXTBOOK
Dr Alan Whitcomb (Author)
Essential Principles of Business for CSEC fourth edition (Title of book)
HODDER EDUCATION (Publisher’s name)
2018 (date published)
APPENDIX
QUESTIONNAIRE
10. Did you notice any significant rise or drop in sales during the pandemic?
INTERVIEWS
1. How did the Covid-19 protocols affected your business?
2. Did the Covid-19 protocols affected the business sales/profits
3. What measures would you take to protect your worker and customers from the new XBB
1.5 strain?
4. How did the prices of materials, goods or services bought by your business change in the
last two years, compared with normal price fluctuations?
- Prices increased more than normal
- Prices decreased more than normal
- Some prices increased, some prices decreased
- Prices did not change any more than normal
- Not sure
Please give more details about the prices of materials, goods or services that changed.
5. What are your expectations about prices of goods or services that your business will sell
over the next two years?
- Prices will generally increase
- Prices will generally decrease
- Prices will stay the same
- Not sure
6. How confident are you that your business has the financial resources to continue
operating throughout the coronavirus (COVID-19) outbreak?
- Confident
- Not confident
- Don't know yet