The business which have adverse effect like recession are:
The business which have adverse effect like recession are:
Answer: Those that have low profit ratio
Businesses with low profit ratios, like retail or hospitality, are more vulnerable to recessions due to reduced consumer spending. Studying this highlights the economic impact of recessions, the challenges of business resilience, and their effect on industries. It also offers insights into how economic cycles affect sectors, providing lessons on diversification and financial planning to mitigate risks during economic downturns.
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