Question
What do you mean by business cycle? Draw diagram.
✓
Answer
The term business cycle refers to economy-wide fluctuations in production, trade and economic activity in general over several months or years in an economy organized on free-enterprise.
Principles: It is also known as economic cycle or boom-bust cycle.
Principles: It is also known as economic cycle or boom-bust cycle.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
Explore more
Similar questions
Define "Tertiary industry".
Describe the beginning of world famous fast food chain KFC.
Describe the characteristics of a ‛go-getter‘ type of personality.
Briefly discuss the various commercial functions sites required to be performed by an entrepreneur.
Give three examples of how some innovations became successful ventures in the past.
Explain Auxiliaries or 'Aids to Trade'.
Classify entrepreneurs on the basis of different generations in a family business.
Explain Direct Export.
Example 1: From the following information calculate Suman's income by preparing an income statement.
Zeel has started selling bedsheets from her own house. She purchases :
30 bedsheets (single bedsheets) from a wholesale dealer for ₹ 300 per bedsheet and selling at ₹ 400 per bed sheet.
30 bedsheets (single bed with pillow covers) for ₹ 350 per bedsheet and selling for ₹ 450 per bedsheet.
She purchases 20 bedsheets (double bed with pillow covers) for ₹ 500 per bedsheets and selling for ₹ 650 each
She spent : ₹ 500/- for advertisement(Pamplets and Advertising poster), ₹ 100 Maintenance Expenses and she decided to take ₹ 200 for rent expenses.
Zeel has started selling bedsheets from her own house. She purchases :
30 bedsheets (single bedsheets) from a wholesale dealer for ₹ 300 per bedsheet and selling at ₹ 400 per bed sheet.
30 bedsheets (single bed with pillow covers) for ₹ 350 per bedsheet and selling for ₹ 450 per bedsheet.
She purchases 20 bedsheets (double bed with pillow covers) for ₹ 500 per bedsheets and selling for ₹ 650 each
She spent : ₹ 500/- for advertisement(Pamplets and Advertising poster), ₹ 100 Maintenance Expenses and she decided to take ₹ 200 for rent expenses.
Discuss briefly:
- Diversification strategy.
- Combination strategy.