Bussiniess Cycle-Gustavo Garcia
Storyboard Text
- Expansion
- dd
- Expansion would be when we open, we open at 11 am in the morning. This is when we set everything up and customers start to walk in.
- I am the owner of a pizza buffet known as CiCi's Pizza, and I will tell you about our business cycle.
- Peak
- Our rush hour would be the peak of the day, This is usually at 2-3 pm.
- At the peak we receive the most customers and our sales go up. We make most of our profit during these hours.
- Contraction
- At 5 pm customers start to leave and fewer come in. Our sales start to decrease from their peak
- This would be our contraction.
- spending and production increase and unemployment rates decrease
- Trough
- At 7pm is our trough, we have the least amount of customers and our profits are at their lowest point.
- period of highest economic activity
- Recession
- Our recession is at 8pm, we see an increase in customers from the trough, but not as many customers as before.
- period of decreasing economic activity GDP decreases, unemployment increases
- Depression
- Depression for us would be around 10 pm to 10:30 pm; Usually people stop coming in and we start to clean up. Our profits are at their lowest point or zero.
- period of lowest economic activity
- during a recession, plans for new projects decrease, prices increase and unemployment rates increase
- phase of the business cycle characterized by drastic unemployment increases and severe decreases in economic activity for long periods of time
- Now that i have explained to you how our business cycle, I hope this information will be useful for you.
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