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Cambridge IGCSE Business Studies practice

Which phase of the business cycle is characterized by high demand and profits?

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Show answerEconomic issues revisionRevise the key idea

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MCQ

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cambridge_mcq

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Topic

Economic issues

Exam-style question

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Which phase of the business cycle is characterized by high demand and profits?.

  1. A.Recession
  2. B.Slump
  3. C.Boom
  4. D.Growth

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Paper 1 structured question: Economic issues

Paper 1Short Answer and Data Response1 marks

Description

Understanding the Business Cycle

The business cycle consists of four main phases: growth, boom, recession, and slump. Each phase has distinct characteristics that impact businesses differently.

  1. a

    State the four phases of the business cycle.

    Aim for approximately 1 distinct marking point.

    [1]