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Why may innovation play an important role in the recovery stage of a business cycle?
During recovery stage of a business cycle, modern iinnovative measures will help reducing production cost to be able to compete in the highly competitive scenario. Apart from mismanagement, in many cases,business of a particular sector become uneconomic and gradually goes into liquidation. Take for instance of Jute in South East Asia. Use of gunny bags are gradully become obsolete giving place to synthetic bags mainly for durability,wastage etc. It's only through innovative measures like upgrading old machineries, exploration of market for jute goods etc. can the ailing jute sector can be revitalized and stand to compete against plastic bags.
What else can I help you with?
What come after period of recession in the business cycle?
Recovery
What period comes after a period of recovery in a business cycle?
A boom.
What happens in the business cycle after the economy hits a trough?
recovery
What are the four steps to a business cycle?
four phrases of buisness cycle recession,recovery,expension,boom
Ask us of the following comes after a period of recession in the business cycle?
Recovery
What is another term for expansion in the business cycle?
Recovery is another term for expansion in the business cycle.
What come after period of recession in the business cycle?
Recovery
What comes after a period of a recovery in a business cycle?
A boom.
What come after a period of recession in the business cycle?
Recovery
What are the characteristics of a recovery phase of a business cycle?
The GDP will grow.
What happens in the business cycle after the economy hits a trough?
recovery
What period comes after a period of recovery in a business cycle?
A boom.
What is the usual length of a business cycle?
mostly it varies but one usual length of business cycle is recession,fiscal recovery,growth and decline.when business go through all these its business cycle complete
What are the 4 phases of the business cycle?
Expansion, Recession, Trough, Recovery
What are the four steps to a business cycle?
four phrases of buisness cycle recession,recovery,expension,boom
What causes business cycle in South Africa?
There are many causes for the business cycle in south Africa. One of the causes for this business cycle is the need for income.
Ask us of the following comes after a period of recession in the business cycle?
Recovery
