Which of the following statements regarding cyclical industries is true? A) Cyclical industries are affected by changes in consumer sentiment. B) Cyclical industries are not affected by the consumer's willingness to borrow and spend money. C) Cyclical industries often outperform other sectors during a recession. D) All of the above statements are true. E) None of the above statements are true.

Question

Quizplus · Accepted Answer

Cyclical industries are indeed affected by changes in consumer sentiment as they tend to perform well when the economy is strong and consumer confidence is high, leading to increased spending.

Which of the Following Statements Regarding Cyclical Industries Is true