Answer:
The business cycle of a firm will also have a huge impact on their business decisions. Managers and entrepreneurs take strategic business decisions based on the phases of the trade cycle. A business cannot be stagnant it must constantly keep updating to stay with the times. So different phases of the cycle demand different actions from the firm.When dramatic business cycles occur in different industries, it often affects the national economy as a whole and not just the industry experiencing the fluctuation. During the expansion phase, businesses are growing and creating more jobs. This causes an increase in employment and decrease in the unemployment rate.
Step-by-step explanation:
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