Challenges and Opportunities for Online Business Owners During the Pandemic, Study Guides, Projects, Research of Business

Download Challenges and Opportunities for Online Business Owners During the Pandemic and more Study Guides, Projects, Research Business in PDF only on Docsity! Challenges Encountered of Online Business Owners During Pandemic Gwen F. Candado Patrick P. Aquidado Renz Hope V. Dagohoy Patrick James L. Abadillo Mandurriao National High School Senior High School Accountancy, Business, and Management (ABM) John Kevin Pornel May 2023 Chapter 1 PROBLEM AND ITS BACKGROUND This chapter introduces the Background of the study, Statement of the problem, Conceptual Framework, Significance of Study, Scope and Delimitation, and Definition of Terms. Background of Study The COVID-19 pandemic, which emerged in late 2019 and escalated into a global health crisis in 2020, has had profound effects on businesses worldwide. The pandemic's impact has been far- reaching, disrupting industries, supply chains, and consumer behavior on an unprecedented scale. Governments imposed strict lockdowns, travel restrictions, and social distancing measures to mitigate the spread of the virus, leading to significant economic consequences. In Mandurriao Iloilo City, The COVID-19 pandemic forced many physical businesses to close, but online businesses faced both challenges and opportunities. The digita Despite the challenges, the pandemic has also created opportunities for online businesses. With more people staying at home, there has been an increased demand for certain products and services, such as home entertainment, groceries, and health and wellness products (Chernev & Blair, 2020; Ghazawneh & Henfridsson, 2020). Moreo) It is a serious issue that has impacted businesses worldwide. It has significant implications for businesses, policymakers, and consumers, as it highlights the need to understand the challenges and opportunities encountered by online businesses to survive and thrive during the pandemic and beyond. The COVID-19 pandemic has accelerated the shift towards digitalization, making it critical to