During which stage of the business cycle would a company such as 3M begin to focus on being more value conscious in its production decisions?
A) Depression
B) Peak
C) Recession
D) Trough
E) Recovery

Question

Quizplus · Accepted Answer

During a recession, companies typically focus on cost-cutting measures and being more value conscious in their production decisions to maintain profitability. As such, 3M would likely begin to focus on being more value conscious during a recession.

During Which Stage of the Business Cycle Would a Company