When business leaders become pessimistic about future sales and profits and decrease their spending on plant and equipment, their expectations are usually fulfilled.

Name: When business leaders become pessimistic about future sales and profits and decrease their spending on plant and equipment, their expectations are usually fulfilled.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is known as the self-fulfilling prophecy, where decreased spending can lead to decreased economic activity and ultimately lead to lower sales and profits.

When Business Leaders Become Pessimistic About Future Sales and Profits