Understanding the business cycle is important for business managers because ........

Economics- Phase (I & II) Business Cycles

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Understanding the business cycle is important for business managers because _____

they affect the demand for their products

they affect their profits

to frame appropriate policies and forward planning

all the above

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Explanation:

One of the primary reasons the business cycle is important to businesses is that it can have a significant influence on consumer demand. High levels of unemployment and underemployment mean consumers have less money to spend on products and services, which tends to reduce consumer demand.