The Effect of a Recession on a Company Like Whirlpool

question 119

Multiple Choice

The effect of a recession on a company like Whirlpool Corporation is such that

• A)sales decline more sharply for Whirlpool as compared to firms that do not produce durable goods.
• B)profits fall less sharply as compared to firms that do not produce durable goods.
• C)the decline in sales is more short-lived as compared to firms that do not produce durable goods.
• D)there is no difference in the impact of the recession on its profits as compared to firms that do not produce durable goods.

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Definitions:

High Consensus

A situation where there is widespread or unanimous agreement among members of a group or organization.

External Causes

Factors or influences originating outside an individual or system that affect behavior, actions, or outcomes.

Causal Attributions

The determination of causes or reasons for an individual's behavior, often influencing how they are perceived by others.

Not Aware

The condition of being uninformed or lacking knowledge about a specific subject or situation.