Answer these Questions

1. What is a Business Cycle?

2. What benefits can a business have when he knows the business cycle of his business? 

3. What month of the year is the best to open a business in your opinion? 

https://www.youtube.com/watch?v=Y5jr_zv2Y9M

Answer :

1. The term “business cycle” refers to economy-wide fluctuations in production, trade, and general
economic activity, business cycle also known as the economic cycle or trade cycle. From a
conceptual perspective, the business cycle is the upward and downward movements of levels of
GDP (gross domestic product) and refers to the period of expansions and contractions in the level
of economic activities (business fluctuations) around a long-term growth trend.

2. Benefit if we know the business cycle is :

 helps us to predict future businesses. This is important in predicting the future direction of the
economy, which is important information in preparing a business plan.

 helps us to minimize the negative effects of fluctuations of the business cycle.

3. First month of this years, because :
 January is the month when we haven't experienced the Covid-19 pandemic. because after
January, business activities decreased greatly. that's why we should be strengthening our
business from January
 January is the first month of the year. Usually in January we still have a burning passion to be
more successful this year. we can include it in this year's resolution