Which of the Following Might Make It a Good Idea

question 145

Multiple Choice

Which of the following might make it a good idea for a business to expand during a recession?

• A)The cost of capital is typically low during a recession.
• B)It is often difficult to find skilled workers during a recession.
• C)Most other business are expanding at the same time.
• D)Consumers have increased their savings, meaning they have more to spend.
• E)Demand for most products is stronger during recessions than other times.

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Definitions:

Cost Leadership

A strategic approach where a company aims to become the lowest cost producer in its industry to gain a competitive advantage.

Production Lead Time

The total time required to manufacture an item, including the time needed for processing, preparation, and assembly.

System Error

An unexpected malfunction or fault that disrupts normal functioning within a computer system or network.

Sales Representative

A professional who sells products or services to customers, aiming to maximize revenue and maintain positive client relationships.