Virus Makes Lobsters So Cheap That Sellers Face a Fatal Blow

Posted by & filed under Part 1 Business in a Global Environment, Part 2 Starting and Growing Your Business, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 6 Managing Financial Resources.

Description: The coronavirus outbreak is turning one luxury treat reserved for special occasions into a meal bargain hunters can afford.

Source: Bloomberg.com

Date: Mar 5, 2020

Link: https://www.bloomberg.com/news/articles/2020-03-05/virus-makes-luxe-lobsters-so-cheap-that-sellers-face-fatal-blow?srnd=premium-canada

Questions for discussion:

  • Explain the reasons for the drop off in business?
  • How can the industry deal with this problem?

Leave a Reply