MGMT 4341 University of Houston Strategies for Mitigating Covid 19 Effects Paper Need a 3 1/2 page paper covering the below topic:The recent outbreak of th

MGMT 4341 University of Houston Strategies for Mitigating Covid 19 Effects Paper Need a 3 1/2 page paper covering the below topic:The recent outbreak of the Coronavirus has become a world-wide health problem in the USA and many other countries. The economy of the USA, as well as many other countries, has been dealt a major blow, and the end is not in sight. Many, if not most, of the global companies are faced with significant challenges to deal with the situation. A significant number of companies sell products globally while other firms have products manufactured totally or partially in other countries and their supply chain has been disrupted. Other companies, such as pharmaceuticals, have relied on raw materials from China. As of March 16, 2020, the US stock market is down approximately 30% since Jan. 1, and all of the gains for 2019 have been totally wiped out. Provide an analysis and discussion, giving appropriate examples, as to what strategies firms should develop in dealing with this situation. The goal is to maintain or increase market share as well as profits. Be sure to provide references for outside sources of information.

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