As a Rule of Thumb, a Recession Is

question 23

Multiple Choice

As a rule of thumb, a recession is

• A)a fall in real GDP lasting at least one month.
• B)a fall in real GDP lasting at least six months.
• C)said to occur whenever real GDP falls below the long-term trend.
• D)said to occur whenever real GDP falls below the long-term trend for at least one month.
• E)a fall in real GDP lasting at least one year.

Explain the process and impact of electronic commerce on consumer behavior.

Identify how regulatory changes can influence technological adoption and market forces.

Understand the concept of electronic commerce and its forms.

Comprehend the role of internet-based technologies in facilitating communication within organizations and with external partners.

---

Definitions:

Diversification

A risk management strategy that involves entering into new markets or adding new products to a company's portfolio to spread and reduce risks.

Aggressive

A forceful approach or strategy intended to dominate or win over, often characterized by assertiveness and boldness in action.

Marketing Objectives

The specific goals set by a company as part of its marketing plan, which may include increasing brand awareness, sales, market share, or customer loyalty.

Strategy Canvas

A strategic management tool used for comparing current market positions of companies and to visualize strategies in uncontested market spaces.