During the recession stage of the business cycle, consumers stick with the brands they know, often ignoring the basic, functional products that carry low price tags.

Name: During the recession stage of the business cycle, consumers stick with the brands they know, often ignoring the basic, functional products that carry low price tags.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

During a recession, consumers often become more price-sensitive and may switch to less expensive brands or basic, functional products to save money.

During the Recession Stage of the Business Cycle, Consumers Stick