MCQs > Finance & Management > Business Strategy > If you are a company in a cyclical industry what is a good business strategy for you?

Business Strategy MCQs

If you are a company in a cyclical industry what is a good business strategy for you?

Answer

Correct Answer: Deal with the volatility by implementating cuts to compensations, reducing employee work hours, or laying off workers during bad times. Paying bonuses, ensuring enough inventory, and hiring in mass during good times.

Explanation:

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