Ask Question
BusinessBusiness
11 February, 10:50

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

+2
Answers (1)
  1. 11 February, 10:51
    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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A company issues $25,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2019. Interest is paid on June 30 and December 31. The proceeds from the bonds are $24,505,180.
Answers (2)
Under normal conditions (70% probability), Plan A will produce a $20,000 higher return than Plan B. Under tight money conditions (30% probability), Plan A will produce $100,000 less than Plan B. What is the expected value of return?
Answers (1)
Which of the following could decrease equilibrium Real GDP and increase the price level? Select one: a. An increase in the value of the Canadian dollar, all else equal b. An increase in productivity. c. Businesses expect lower profits in the future.
Answers (1)
Part 4 audit test for use with family financial management?
Answers (1)
Which of the accounts below would ALL appear on the balance sheet. Multiple Choice a. Cash, Accounts Payable, Owner's Capital (ending balance) b. Accounts Receivable, Accounts Payable, Fee Income c. Utility Expense, Salary Expense, Cash d.
Answers (1)
New Questions in Business
Why is it important to know the interest rate on your credit card? a) The higher the interest rate, the more money you will be paying back b) The higher the interest rate, the less money you will be paying back c) The lower the interest rate, the
Answers (2)
It is appropriate to use the fixed assets turnover ratio to appraise firms' effectiveness in managing their fixed assets if and only all the firms being compared have the same proportion of fixed assets to total assets. a) trueb) false
Answers (1)
Which of the following actions differentiates an entrepreneur from other small business owners?
Answers (1)
Mccoo Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $1.50 per direct labor-hour.
Answers (1)
Which of the following is true of Finished Goods Inventory? A. Finished Goods Inventory is an account used by a manufacturer and includes completed goods that have not yet been sold. B.
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?