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.

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Definitions:

Executive Compensation

Refers to the financial payments and other benefits such as bonuses, shares, and options provided to high-level management and executives in a company.

Workflows

The sequence of processes through which a piece of work passes from initiation to completion in a business or system.

Sustainable Manufacturing

Is manufacturing where the exploitation of resources and use of technology is consistent with the future as well as present needs.

Mass Customisation

A manufacturing and business strategy that allows for the production of goods and services to meet individual customer’s preferences at a large scale.