Which of the following is an example of an organization considered to be in a standard-cycle market?
A) Boeing's airplanes
B) Procter & Gamble
C) Caterpillar's large-scale equipment
D) McIlhenny's Tabasco Sauce

Question

Quizplus · Accepted Answer

Procter & Gamble operates in a standard-cycle market as their products, such as household and personal care items, are considered to be staples and are not subject to fast-changing technology or shifting consumer preferences. The other options - Boeing's airplanes, Caterpillar's large-scale equipment, and McIlhenny's Tabasco Sauce - are all examples of businesses in long-cycle markets where technological innovations and changing consumer demands play a significant role in driving competition and demand.

Which of the Following Is an Example of an Organization