What businesses will have the most problems during the recession?

[Hyrrakey]

Nigeria Right now is going through its third recession era, with a very high cost of living under this incumbent government. And many businesses are striving. But what can of business can survive the impact of recession while offering a low cost services?

 

[Ralphjoe]

The business that will have the most problems during the reception has always been the teaching profession or school business because they do not make any income during this pandemic and it is the worst hit of them all.

 

[Akinwale701]

Nigeria Right now is going through its third recession era, with a very high cost of living under this incumbent government. And many businesses are striving. But what can of business can survive the impact of recession while offering a low cost services?

business that is only interested in dealing with people offline alone without any provision for online activities will have much problems, also Business that deals with items that can be easily down sway with will have much problems as a result of reecesion.

 

[Trexxxy]

I think every single business will suffer the effects of research especially because the people you are offering your services to are feeling the same effect as well.

 

[Jumoke12]

Nigeria Right now is going through its third recession era, with a very high cost of living under this incumbent government. And many businesses are striving. But what can of business can survive the impact of recession while offering a low cost services?

business that is one sided - conducting only onnline it offline, it is better for a business to have both online and offline presence, so if a business doesn't have both, surviving recession can be hard.

 

[Kunkun]

Well definitely gon be the offline businesses because businesses online can still carry on but with the lockdown offline business like schools and malls would be affected

 

[Kane]

All business will be in trouble during the recession, except for food business and clothing business people need foods to eat and clothes to wear. Therefore, they will never stop buying these items

 

[btaliat]

All businesses are short of patronage this era due to the recession. However, there are some businesses that will not suffer most. Businesses like barbing, food and wears and even house. They are essential.

 

[Shigobad20201]

Nigeria Right now is going through its third recession era, with a very high cost of living under this incumbent government. And many businesses are striving. But what can of business can survive the impact of recession while offering a low cost services?

Like you said Nigerian is going through the third recession and many workers are facing a hardship because of the cost of living out there, most of the private school teachers have been sacked while some salary were slashed,

 

[GIFTMICHAEL]

Crude oil, and importation of business will be in the offside. If country like mine falls back into recession that means its crude oil price will fall. As well as importation will be limited due to currency fall and lack of money to import raw materials and finished goods.

 

[Mostee501]

Most businesses will adjust to the recession period by adjusting their prices in other to make profits because there's not they can do about it.

 

[Razor1911]

Any business except those who operate aborad will have effect the most. Even the companies which trades in foreign will also be affected, but their loss will be compensated by earnings from abroad.

 

[Alexandoy]

All business will be in trouble during the recession, except for food business and clothing business people need foods to eat and clothes to wear. Therefore, they will never stop buying these items

I wonder why real estate in the US suffered much during the short recession period. In our country the real estate business will also suffer in a recession but not really worse because when people stop buying properties the owners have the alternative to rent out their properties that are for sale.

 

[Setfragil]

There is no business that will not suffer when there is recession. When there is recession, the prices of goods becomes extremely high which in turn will result to low patronage from customers.

 

[Sincerem]

Those who earn very minimal amount of money from their activities offline or online will really suffer from recession when the price of things jump so high.

 

[Lens]

Recession will affect all the businesses but the ability to manage the business in the hard time is what maters

 

[Kane]

I wonder why real estate in the US suffered much during the short recession period. In our country the real estate business will also suffer in a recession but not really worse because when people stop buying properties the owners have the alternative to rent out their properties that are for sale.

The last recession in the US was caused by the crash in the real estate market. The Real estate market did not suffer, it actually created suffering in the market.

 

[joy101]

All business is suffering the recession in this pandemic especially the offline business,because of pandemic is not easy to for business to be survive in this pandemic.

 

[Prettyjanie]

The business that will have the most problems during the reception has always been the teaching profession or school business because they do not make any income during this pandemic and it is the worst hit of them all.

Absolutely, during the pandemic, the teachers were the worst hit. A lot of them lost their jobs during the period. Lawyers also were affected especially the young one's

 

[Ojonuyo]

Business that survival most during recession period are business that has to do with life. Such as Health related businesses, farming and agricultural businesses and also oil and gas businesses.