Recessions Are Often Viewed as a Period of Defensive Position

question 58

Multiple Choice

Recessions are often viewed as a period of defensive position for firms.However,shrewd managers initiate strategic successes during downturns.What is an example of this provided in the text?

• A) GM's foray into electric vehicles in California
• B) Apple's increased R&D spending that lead to the launch of iPod
• C) Intel's movement into European markets
• D) UBS

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Definitions:

Itemized List

A list where each entry is separately listed and often numbered or bulleted.

Deposit Slip

A document accompanying a bank deposit, detailing the amount of cash and/or checks being deposited.

Electronic Funds Transfer System

A system that transfers money from one bank account directly to another without any paper money changing hands, often used for payroll, direct deposit, and bill pay services.

Stop Payment

A method by which the maker of a check may stop payment of a check(s) written.