The business cycle and the product life cycle
A)are sometimes the same as one another
B)are always different
C)are never determinable
D)are of little value to know

Question

Quizplus · Accepted Answer

The business cycle and the product life cycle are both cyclical in nature, and they can have a significant impact on each other. For example, a recession can lead to a decline in demand for products, which can in turn lead to a decrease in production and employment. Conversely, a period of economic growth can lead to an increase in demand for products, which can lead to an increase in production and employment.

The Business Cycle and the Product Life Cycle