Business Cycle Charts

Michael is studying the business cycle in his economics class. He learns that it consists of four main phases: expansion, peak, contraction, and ____.

• Trough

• Valley

• Bottom

• Dip

After a period of economic downturn, Sophia noticed that businesses were starting to hire more employees and consumer spending was increasing. What is the term for this phase where the economy starts to recover from a trough?

• Expansion

• Peak

• Contraction

• Recovery

During the contraction phase, Maya's business is likely to ____.

• Hire more employees

• Increase production

• Reduce inventory

• Expand operations

Priya and her friends were discussing what contributed to Nike's growth. What is one of the trends they identified?

• Exploitation

• Trendy

• Child labor

• Sold out products.

Aria is studying business strategies. What is a growth factor for Nike?

• Sweatshops

• New shoe releases

• Child labor

• Exploitation

Arjun is analyzing factors that could lead to a decline in popularity for a major brand like Nike. What is a decline factor for Nike?

• Trendy

• Collaborations/Sponsorships

• Exploitation

• New shoe releases.

Fill in the blank: David's decision to switch to a new supplier is partly due to more ______ parts.

• Cheaper

• Expensive

• Durable

• Innovative

Benjamin's decline in grades can be attributed to ______.

• Exclusive products

• Convenient store locations

• Bad management means loss of employee

• Economic climate

Henry's decline in grades is due to ______.

• Better deals on products

• Bad customer service

• Economic climate

• Convenient store locations.

Which of the following is a decline factor for Walmart?

• Better deals on products

• Bad management means loss of employee

• Convenient store locations

• Lower prices.