Ask Question
BusinessBusiness
Today, 03:00

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

+3
Answers (1)
  1. Today, 04:27
    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?
Find 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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Personal liability coverage does not protect an occasional babysitter. the cost of legal defense. a guest. members of the homeowner's family who accidentally break a neighbor's antique lamp. a housekeeper.
Answers (1)
Maureen, a calendar year individual taxpayer, files her 2018 return on November 4, 2020. She did not obtain an extension for filing her return, and the return reflects additional income tax due of $15,000. a.
Answers (1)
At net's hair salon, 35% of the customers dye their hair blond, 30% dye their eyebrows blond and 46% straighten their hair. 20% of the customers have none of these three procedures, while 11% take all of these three procedures.
Answers (1)
Because of the influence of modern technology, quality and service measures are precise and based upon hard evidence. T/F
Answers (1)
A career pathway is what
Answers (2)
New Questions in Business
Refer to table 17-14. which outcome is the nash equilibrium in this game?
Answers (1)
Which of the following will cause a movement along the supply curve? Group of answer choices An increase or decrease in the raw materials costs. A change in the market price of a good, other things held constant. An increase in labor costs.
Answers (1)
A firm has 56 units of product X on hand. Forecasts of demand are for 20 units per week. An MPS quantity of 100 units is planned to arrive in period 3. Customer orders are 24 for period 1,18 for period 2, and 15 for period 3.
Answers (1)
Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income of $53,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 7.25%.
Answers (1)
What kind of effect would higher taxes have on aggregate supply?
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?