Task 1

Accounting

Long term consequences of pandemic :

The purpose of the real economy is to progress the country much stronger in long term decision
making. The constant growth of the production and the fair value of the goods as well as
services for that given period of the time lead to real long term growth of any country
Such a long term growth of economy of any country as well as organization depends upon the
level of the ability to amend the inputs fixed in the speculation process and level of operating
activities of any entity to balance the inputs with outputs.
These inputs are mainly depends upon the human capital resources, technological changes,
state intervention and availability of the resources This pandemic has exerted 58% effects on
the production in Asia by half in just 12 to 6 months because of supply of the production
material, hiring the production labor, trouble in booking space the shipping vassal from the
different countries that has resulted in disruption of the availability and quality of the goods
and services from the sneakers to airline items.
Due to this pandemic they are realizing that they are losing their business with inflexible chain
of the supply because human capital resource is embodied with the natural skills (that no one
can control) like knowledge, creativity, competencies, and the many other abilities that helps
the labor to do their best duties for efficient and effective allocation of scare resources under
the natural constraints to optimize the profits as well as the lowering of the costs(by providing
facilities relating to the production near to the human capital as well as by shifting the plant and
machinery closer to the vendors and just in time production to cut down transportation
charges)along with the optimum production of the units(by controlling the abnormal losses and
optimum utilization of scarce resources)
The development of the technologies to move the economy of any country is considered an
important ingredients in the long term process .with the change in technologies those entities
as well as countries will move upward having enough resources to cope with the financing,
operating and the investing activities of the any entity. As the input (raw material,
labor ,time ,overheads) remains same but the production will be doubled by plant and
machinery instead of the humans by controlling on the normal as well as abnormal losses of
the entity.
How will (have) customers be (been) affected?
Customers are those parties having agreement with the organization to purchase the goods as
well as services in exchange of consideration paid or to be paid. Many of the organizations are
searching for the impact of Covid-19 Having on their organizations that emerged as a lethal
influencing the various pieces significantly flowing from one department to other department.
To control such an emergency on the client, One of the major group “named as tether” has
separately opened the client support office to investigate about 01 million calls of the
customers from beyond the national limit that was occurred in march when Covid-19 was
announced by WHO then such investigation allocated 250 variables for client collaboration
facilitating from tough to just simple for achieving their objectives. So, the investigation paints
the issues for client understanding and its support lead the way.
Due to this pandemic, Customers may buy the goods as well as services much less but the
demand of the production may be enhanced by increasing the quality of the goods and their
much production to lower the cost of production per unit (Direct material, direct labor and
overheads)but this will be much tough for new organizations to cope with the fixed costs by
lowering the prices and increasing the demand of their production in perfect competition.
Therefore many organizations like Bergeson has revamp its strategies at strategic level to
increase demand of the its products during this pandemic by relocating its Chicago set up that
makes cocktail machines.
Due to obstruction and tough challenges in the supply chain and trucking capacity, every
organization wants to prefer the closeness with consumer. Also every organization is trying to
close the distance among the different venders. The goodwill of many organizations is also
affected by shipping delays, closing of the border, lockdowns and local restrictions which will
lead to increase in the demand of the products due to recession and shortages in the market
along with the prices increased that will indirectly effect the customers to switch to other
suppliers

So ,many organizations has decided the permanent solution which are relocation of the
industries ,multi-national entities and distributes flat-rolled steel for many of the organization
that are being used for acquisition.