Business cycle is best described as A. The value of all goods and services produced in a year.
B. a predictable period of economic hardship each year.
C. A repeated pattern of economic growth and decline.
D. The growth of a business from a it’s start through its peak.

Frolic corporation has budgeted sales and production over the next quarter as follows. the company has 4100 units of product on hand at july 1. 10% of the next months sales in units should be on hand at the end of each month. october sales are expected to be 72000 units. budgeted sales for september would be: july august september sales in units 41,500 53,500 ? production in units 45,700 53,800 58,150

The face of a company is often that of the lowest paid employees who meet the customers. select one: true false

Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.