How Covid, Drought Are Affecting Taiwan's Businesses

How Covid, Drought Are Affecting Taiwan's Businesses

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video discusses how a business in Taiwan is adapting to challenges like COVID-19, power outages, and drought conditions. It highlights the company's crisis management strategies, including separating manufacturing teams and enhancing e-commerce efforts. The business has seen growth in health supplement sales due to increased health awareness. Despite challenges, the company anticipates double-digit growth and is optimistic about Taiwan's recovery, leveraging virtual sales channels to meet changing consumer behaviors.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategy did the company implement to prepare for a potential COVID-19 outbreak in Taiwan?

Hired more employees

Set up a crisis management team

Increased production capacity

Reduced working hours

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the company managed to keep production running despite power outages?

By outsourcing production

By separating workers and following government guidelines

By reducing production hours

By using backup generators

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What change in consumer behavior has the company observed during the pandemic?

Preference for international brands

More online sales and telemarketing

Decrease in health supplement sales

Increased in-store purchases

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of sales are now conducted through virtual channels?

60% to 70%

50% to 60%

30% to 40%

80% to 90%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the company's anticipated growth in market share for this year?

5% to 10%

15% to 20%

20% to 25%

10% to 15%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the company's outlook on the recovery timeline in Taiwan?

Recovery will be quick, within a month

Recovery is uncertain

Recovery will take several months

Recovery will take over a year

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the pandemic affected global business opportunities for the company?

Focus shifted to local markets only

No change in global business

Increased health awareness leading to more opportunities

Decreased interest from international clients