Ask Question
BusinessBusiness
4 October, 16:38

Describe an industry or firm that you think might be able to weather an economic downturn and explain why.

+5
Answers (1)
  1. 4 October, 19:10
    0
    Recession

    Recession is a market situation where there is a significant decline in the economy lasting for a longer time, and it is caused due to negative growth in economy. In this situation, the economy faces many hurdles such as increase in price and decrease of earning which creates more unemployment and other destruction problems.

    Industries that can even grow during recession: Health care and FMCG companies

    Explanation: The health care and fast moving consumer goods do business extremely well as people cannot live without satisfying their necessities such as food supplements and hair care products.

    People tend to become sick, and to recover from sickness, they need to use medicines. Henceforth, the industries such as healthcare and insurance function well even in the recession times.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Describe an industry or firm that you think might be able to weather an economic downturn and explain why. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Fitzgerald Company wrote checks totaling $34,160 during October and $37,300 during November. $32,480 of these checks cleared the bank in October, and $36,440 cleared the bank in November. What was the amount of outstanding checks on November 30?
Answers (1)
You own 100 shares of a Sub Chapter "S" corporation. The corporation earns $4.00 per share before taxes.
Answers (1)
Credenza Industries is expected to pay a dividend of $ 1.15 at the end of the coming year. It is expected to sell for $ 62 at the end of the year.
Answers (1)
The phrase "invisible hand" means that: no one person or firm actually sets the price. The tendency of competition to cause individuals and firms to unintentionally promote the interests of society.
Answers (1)
How many combinations of 6 different 10th grade subjects can tyler choose from the 9 subjects offered?
Answers (1)
New Questions in Business
A gift that might otherwise be viewed as a future interest in a trust can be treated as a present interest gift if:
Answers (1)
Curtain Co. paid dividends of $10,000; $12,500; and $14,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,100 shares of 5.5%, $100 par value preferred stock outstanding that paid a cumulative dividend.
Answers (1)
Describe how legal contracts provide incentives for people to exchange goods and services
Answers (1)
List four wan technologies that are carried over the pstn.
Answers (1)
Which of the events is likely to occur when the business cycle is in a period of recession (contraction) ? an increase in the standard of living an increase in unemployment an increase in GDP (gross domestic product) an increase in economic growth
Answers (1)
Home » Business » Describe an industry or firm that you think might be able to weather an economic downturn and explain why.
Sign Up Forgot Password?