Recessions Are Periods in Which Output and Employment Are Falling

question 66

True/False

Recessions are periods in which output and employment are falling.

---

Definitions:

Beauty and Personal Care

Products and services aimed at enhancing physical appearance and maintaining personal hygiene.

Intertype Competition

Competition between very dissimilar types of retail outlets that results from a scrambled merchandising policy.

Scrambled Merchandising

Offering several unrelated product lines in a single store.

Hypermarkets

Large retail stores that combine a supermarket and a department store, offering a wide range of products under one roof.