Marketing: Business Cycle Project
Storyboard-Text
- CLOSED
- NOTICE: This establishment is CLOSED until further notice. Due to extenuating circumstances, we are no longer able to provide goods and services.
- Anjalina's Bakery
- I don't know sweetheart. Ask the man right there, he seems to work here.
- Hey mom, is this place closed? Would be able to come back tomorrow?
- CLOSED
- Anjalina's Bakery
- Sorry kiddo, we're closed. After everything with COVID, we couldn't make it out of depression
- NOTICE: This establishment is CLOSED until further notice. Due to extenuating circumstances, we are no longer able to provide goods and services.
- 'Cuse me sir, is this store still open? It was my favorite bakery like ever.
- CLOSED
- Anjalina's Bakery
- NOTICE: This establishment is CLOSED until further notice. Due to extenuating circumstances, we are no longer able to provide goods and services.
- No silly! It's apart of the business cycle. Let me teach you.
- DEPRESSION??! Like when you're really sad?
- Expansion is the first step in the business cycle. In this phase, GDP grows for two or more consecutive quarters. This is more than likely always accompanied by high employment rates, healthy sales, and a steady wage growth. Consumers are buying and demanding, we are supplying and preforming services.
- Here, we see recession The slowing down of a business is referred to as a recession (6 months). During this stage, the bakery experiences a decrease in demand and begins to lose money. To keep solvent, the corporation starts laying off employees and cutting costs. When that doesn't work, the company enters a trough; a low moment of transition.
- 75% OFF ALL GOODS
- A company's ability to bounce back after all of its difficulties is referred to as recovery. Unemployment rates steadily fall as the economy recovers, resulting in a rise in customer/consumer confidence. This company is able to resume normal operations.
- Anjalina's Bakery
- Wait that actually makes so much sense. Thank you!
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