TERIOTE, LADCH ROY

BSBA 1

A. Choose one business/company that surpass the economic condition despite of covid.

Pharmaceutical companies such as Pfizer made a great run with their business as a pandemic in Covid-
19 arise.

History and economic strategy:

In Brooklyn, New York, Charles Pfizer and Charles Erhart created Charles Pfizer & Company in 1849. The
company's growth was passed down from the founder's sons to their grandchildren, and it was aided by
medical advancements such as Vibramycin, which became the company's best-selling antibiotic in 1967.
The firm scored a milestone in 1944 when it began mass producing penicillin and became the world's
largest producer. Pfizer has produced a vaccine against Covid-19 called Pfizer-BioNtech, which is now
available in nations all over the world.

Pfizer is a multibillion-dollar corporation that sells medicines and supplements to practically every
country on the planet. When a pandemic strikes, Pfizer's research laboratories are one of its strongest
assets. Pfizer made a significant investment in the development and ongoing research of Covid-19,
which resulted in the invention of one of the vaccines that we now utilize. Despite the fact that most
countries' economies have crumbled, Pfizer has maintained its position as a leader in business growth
due to the huge demand for vaccinations and drugs.

B. Choose one business/company that fail/shuts down because of the economic condition due to covid.

Starbucks Philippines.

History and Reasons of shut down

Starbucks is one of the most well-known coffee shops in the world, not just in the United States. The
first location in the Philippines opened in 1997 in Makati City's Ayala Building. Since then, it has won the
hearts of Filipinos and has grown steadily over time.

The coffee business closed all of its locations in the Philippines to assist and respond to the pandemic's
requirements. To coincide with the deployment of increased community quarantine, it ordered the
closing of all stores. Starbucks has since reopened outlets that have been rated as having fewer risks by
the AITF, with the intention of returning to full capacity if God grants Covid-19 protection worldwide.