Simply put, there is no doubt that business entity will go on, and if I may say it casually, exist indefinitely. The COVID-19 pandemic is posing threats to economies and financial systems around the world, including the Philippines. This challenge the principle of “going concern” in several businesses across different industries.
Productivity growth is a key issue in lifting potential output, and hence, in lifting our sustainable growth rate. It is an important issue at the firm level too. Most people in business would be aware of the links between productivity and price setting at the firm level.