Activity 1

Año, Stacey Dane V. [C55]

Instructions
Week 1: Topic 1 and 2: Business Finance and Organizing a Business
 
A. Look online for THREE (3) businesses that thrived or continued during this pandemic. For each
business, what were their measures or strategies to keep their business afloat? (5-10 sentences per
business)

THREE (3) BUSINESSES THAT THRIVED OR CONTINUED DURING THIS PANDEMIC

FOOD AND DRINK Mainly the food and drink industries are continuing to thrive and continued as it is the
INDUSTRIES biggest sector in the business industries that is having the biggest spike during this
pandemic. It is because food and drinks are the basic daily needs of people in our
Examples: fast food chains everyday lives, many of us (the buyers/consumers) since we cannot go out due to the
like Jollibee, Mcdonlds, pandemic premises given by our government, we often have the urge to try different
KFC, PizzaHut etc. various of food cravings, and this is the reason why food and drink industries strive to
- Cafes like meet in the continuing production in order to meet the consumers satisfaction.
Starbucks, Tom Companies under food and drinks industry also find ways in order to bring up their
and Toms, Milktea sales, they would often partner up with online applications that deliveries foods
brands etc. contactless like GrabFood, MaximFood,, and Foodpanda etc. to make sure goods can
- Restaurants like be delivered to homes and businesses
we were used to
dine in can be now
delivered.
GROCERY STORES As the practice of social distancing has been implemented in many areas, many stores
AND SUPERMARKETS like restaurants, malls and so on are closing but Grocery stores and supermarkets are
- Small grocery the one that survived the business economy. It is because many people are stocking
stores like sari-sari up on the goods and the demands supply or every households. This has led to a large
stores, to big and small grocers alike to see urges in customers demand. According to Ludwig,
groceries stores 2021 he noted that “independent grocers are helping larger chains meet demand
like PureGold, during this time and that grocery stores are being restocked at unprecedented speeds.”
Savemore, Marts Many supplies are in demand as we are setting up to meet the government standards,
or Convenience this lead to supplies flying off the shelves as many consumers are stocking up during
Stores up to Malls this time of pandemic.
Supermarkets like
the Ayala Malls
and more.
 BEAUTY INDUCTRIES During this amidst of this pandemic not many of us didn’t expect to be locked up
- From makeup in our homes for a long time. But as with more time in our hands, people
brand like the quarantined are now focusing on their self-care. With many beauty products
NARS, Clinque, person to person are recommending products to the other, this leads to sales
Glossier, Urban
uprising and the increasing of beauty sales are up to 84% Year over Year and now
Decay etc. up to
the skin care they are in 113% YoY surpassing their lowest point in 2020 that was remained in
brands mainly 59%. (King, 2021). This explains how a business can be unexpected in many
coming from the occasions. Many consumer’s has a lot of changes in perspectives in what they are
k-beauty; like the into, with the trends it is very unpredictable on how one business can be a big hit
Neutrogena, The or a flop in the business industry with the ceaseless changes that surrounds the
Ordinary and more business industries.
to name.

B.     In your own words, why do you think Business Finance is Important? (5-10 sentences)
References for Activity 1.A.

In my own understanding of business finance and its importance is that it is like a business’ own right hand
man, with the right business finance one’s business can make it in a long run and it is constantly adjusting to it
own state of environmental changes. It is there to help on how the performance of ones company’s operation,
and it is there to help keep on track with the financial state of the business keeping it secure in a long run. With
business finance you will know as a person in the business sector to be adoptable with the sudden change just
like during this pandemic, if you were not to know the demands and supply and the flow of the business
budgeting, pricing and sales your business won’t probably surviving within this state, this is why business
finance for me is important in one’s business standing.

REFERENCE:
Jahns, E. (2020, October 9). The 20 Best Top-Selling Skincare Brands in the World. Who What Wear UK.
https://www.whowhatwear.co.uk/best-skincare-brands
King, S. (2021). 5 industries (still) thriving in the Coronavirus lockdown. Mention-Me. https://www.mention-
me.com/blog/sectors-thriving-during-coronavirus-lockdown
Ludwig, S. (2020a, September 22). Businesses That Will Remain In Demand Post-Pandemic.
Https://Www.Uschamber.Com/Co. https://www.uschamber.com/co/start/business-ideas/high-demand-
businesses-post-pandemic
Ludwig, S. (2020b, October 27). Coronavirus: Businesses That Are Succeeding During the Pandemic.
Https://Www.Uschamber.Com/Co. https://www.uschamber.com/co/start/strategy/coronavirus-successful-
businesses