Asked by
Adrian Reyna
on Oct 19, 2024Verified
Which of the following are examples of cyclical industries?
I. Washing Machines
II. Computer chip manufacturers
III. Kellogg's Frosted Flakes
IV. Pfizer
A) I and II only
B) I, II, and III only
C) II, III, and IV only
D) I, II, III, and IV
Cyclical Industries
Industries whose performance is heavily influenced by the economic cycle, experiencing higher sales during economic booms and lower sales during recessions.
- Identify factors affecting supply and demand in cyclical industries.
Verified Answer
KR
Learning Objectives
- Identify factors affecting supply and demand in cyclical industries.