To what extent do you think the amount of profits gained by a business in a economic downturn depends completely on the industry in which that operates?

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  • To what extent do you think the amount of profits gained by a business in a economic downturn depends completely on the industry in which that operates?

п»їWith mention of the the item above and your individual research, as to the extent do you consider that the volume of revenue earned with a business within a recession will depend entirely around the industry by which it functions?

An economic downturn is when the GDP in the country is catagorized. The GDP is the Gross Domestic Item of the region and makes up about all ventures made through each 1 / 4 of the period. If the GROSS DOMESTIC PRODUCT falls for two consecutive sectors then that is classed as a recession as well as the government is going to take action to aid stimulate our economy.

One of the main changes in a specific industry throughout the recession was your Fast Food industry. During the economic downturn these sectors seemed invulnerable to the remarkable decrease in high-class spending because of the increased cost of necessity goods. The first organization which have been succeeding whilst Britain have been in and out of recession can be KFC, they seemed to possess gained the benefits of people having less money to spend whilst having the capacity to put back into the economy by simply creating careers, this is displayed in the Worcester the ‘Job Centre' that has been approached by simply KFC to fill 70 jobs that had been to be made in 2008 just after the first recession had commenced. Also in February 2009 BBC news published an additional story citing KFC in ‘creating 9000 jobs over the next approximately for five years' this is a staggering physique and the one that was created during a heavy recession. The reason they were so confident with their numbers throughout the economic depression was since they thought people who at this point had less money to spend were drawn to cheaper foods, consequently boosting the fast food industry.

As opposed, one market, which just isn't secure, is a car market, which took a bad change during the recession. In Dec 2008 many car suppliers had to minimize shifts that means shorter several hours for staff to save money upon salaries. Aston Martin must cut 600 jobs as a result of extreme industry conditions showing they have taken on the technique to cut costs in contrast to optimise...

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