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external and economic influences on a business
The business cycle
recovery
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chet singh
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Cards (2)
What happens in the recovery phase of the cycle?
Demand
levels for
goods
and services
start
to improve
unemployment
starts to
fall
as
businesses
start to take on
workers
to meet new
improving
levels of
demand
how does the recovery phase impact customers?
Consumer
confidence starts to
return
and
consumers
start to
buy
larger
items
again