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Define commercialization. Explain the two important issues that a company must decide during this stage.
Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Variable Costs
Costs that vary directly with the level of production or the volume of services provided.
Gross Domestic Product
The total market value of all goods and services produced within a country in a specific time period, serving as a broad indicator of its economic health.
Unemployment Rate
The ratio of the number of people classified as unemployed to the total labor force.
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