Industries that tend to be directly related to business cycles such that they perform best during expansions and worst during contractions are called ____.
A) Defensive industries
B) Industry life cycles
C) Countercyclical industries
D) Growth industries
E) Cyclical industries

Question

Quizplus · Accepted Answer

Cyclical industries are directly related to business cycles and are often referred to as "boom and bust" industries as they perform best during economic expansions and worst during contractions. Examples of cyclical industries include construction, automotive, and consumer discretionary.

Industries That Tend to Be Directly Related to Business Cycles