The Effect of a Recession on a Company Like General

question 147

Multiple Choice

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

• A)sales decline more sharply for General Motors 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.

---

Definitions:

Ecological Succession

The process by which the structure of a biological community evolves over time, often following environmental disturbances.

Streamlined Predators

Predators with bodies designed to reduce resistance while moving swiftly through their environment, often found in aquatic or aerial habitats.

Food Chains

A series of organisms each dependent on the next as a source of food, showing the flow of energy and nutrients from one entity to another.

Facilitator of Succession

An organism or factor that catalyzes ecological succession, ensuring the progression from one ecological community to another, leading to increased biodiversity.