For this assignment, use the company identified in Week 1 to create the business
environment to complete the simulation. This simulation should represent opening a
business in today’s economic climate. The restriction that applies to the business’s market must be adhered to for the most realistic view. The simulation paper should be no less than 4 written pages in APA format and Times New Roman 12 font with accompanying financial statements. The paper should have at least three citations from
reliable sources that can be verified. The paper should have a cover and reference page with a running header and number.
The COVID-19 pandemic has ravaged the economy and forced you to decide to start your business venture. Despite the pandemic that the world is experiencing, your business venture has taken off, and the business is going reasonably well. With these things in mind, please explain how the company will deal with the following:
· Through word-of-mouth marketing, your company has received a contract that has
increased your demand and revenue by 20%.
· During the racial injustice protest, a key employee in the organization had a child accidentally shot and is clinging to life.
· In addition to the pandemic, your significant other has been diagnosed with cancer, and the doctor wants to start treatment as soon as possible.
· An opportunity to join the Board of Directors of a large nonprofit organization that will tremendously grow your personal and business profile.
How will these situations impact your operations and your P&L statement?
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