During which stage of the business cycle would a company such as 3M begin to focus on being more value conscious in its production decisions?
A) depression
B) peak
C) recession
D) trough
E) recovery

Question

Quizplus · Accepted Answer

During a recession, companies tend to focus on ensuring they are producing products efficiently and cost-effectively. This means they will look to be more value conscious in their production decisions in order to minimize costs and maximize profits. Therefore, 3M would likely begin to focus on being more value conscious during a recession.

During Which Stage of the Business Cycle Would a Company