Examples of recession in the following topics:
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- The four stages in the business cycle are: prosperity, recession, depression, and recovery (see and try to identify the different stages).
- Recession is characterized by a decrease in the rate of growth of the economy.
- Recession tends to occur after periods of prosperity and inflation.
- During recessions, marketing opportunities are reduced.
- Shaded areas denote times of recession.
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- During a recession, companies must consider their unique situation and what value they provide customers when devising a pricing strategy.
- However, during a recession, many companies may be tempted to abandon these strategies.
- A smart pricing strategy during a recession can become a competitive advantage.
- Similarly, price increases during a recession can also be a bad idea.
- Ultimately, the pricing strategy becomes even more important during a recession, and companies must consider all these factors when attempting to adjust.
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- Companies like McDonald's and Starbucks were able to survive the recession by being smart about how they conducted business.
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- Following WWI, America went into a recession after manufacturing many war products and having to pay off all of its debts to factories and the common people.
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- In 2009, Hyundai advertised that people who bought new cars—such as this 2009 Hyundai Sonata shown here —could return the cars to the dealers at no extra charge to the sticker price. 2009 was a tough year for many people as unemployment skyrocketed due to the recession.
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- The downturn in the economy has affected all business, but NPOs started out with limited resources before the recession hit.