Business cycle & Growth by Kaeden G Clark (367956) https://padlet.com/3679564/l4e51fj0st1ourvo en-us 2023-10-02 15:18:11 UTC 2023-10-18 14:59:34 UTC hello@padlet.com Business cycle & Growth 3679564 https://padlet.com/3679564/l4e51fj0st1ourvo/wish/2728826621 The Juglar cycle was invented by the French physician and statistician Clemente Juglar. He recognizes the business cycle occurring every eight to 11 years which is now known as "The Business Cycle."  

The business cycle explains the steps in economic activities. Represents the pattern of expansion and contraction in the economy over time. 
divide into four parts. 
Growth 
Peak 
Recession
Trough 

During the growth/expansion or recovery period. occurs when constant increases in the key measurements of aggregate economic activities are present. ]]> 2023-10-02 15:45:55 UTC https://padlet.com/3679564/l4e51fj0st1ourvo/wish/2728826621 business cycle & growth slides 7-12 3679564 https://padlet.com/3679564/l4e51fj0st1ourvo/wish/2751022808 Growth: accounts for the increase in production among companies working to achieve full production. this causes a rise in price ahead of full employment and production is achieved.
Aggregate eco activities are measured in terms of 
  • employment
  • income
  • sales 
  • productivity 
Causes of growth is. 
business is newly made. 
more branches of the business are opened. 
need for the product rises or is created. 
introduction of a new product.
Operation: should focus on the product they are producing out to customers to strive for growth. This keeps the employees hired motivated. This involves effective management this is important the create profit and employment benefits to provide possible growth for a business.
Organization: plays a large role in the success of the growth for a business. This creates established organizational guidelines. work to set guidelines of a company to assign every employed person with a task. This ensures that everything will be done in a timely fashion.
]]> 2023-10-17 15:28:42 UTC https://padlet.com/3679564/l4e51fj0st1ourvo/wish/2751022808 business cycle & growth slides 13-15 3679564 https://padlet.com/3679564/l4e51fj0st1ourvo/wish/2751051393 Growth strategies are ways to expand their business in terms of customer groups and customer functions. This can be horizontal or vertical. 
Includes 
Market penetration 
Market expansion 
Product expansion 
diversification 
Acquistion  
Horizontal Growth 
Is a strategy which broadens a company by allowing the opening of more locations. This involves increasing customer base by going after more business and adding new products.
Vertical growth 
Is also a strategy which looks to expand on different points in the supply chain. This involves prioritizing the current customers and developing new products or services to appeal to present customer base.

]]> 2023-10-17 15:44:21 UTC https://padlet.com/3679564/l4e51fj0st1ourvo/wish/2751051393 business cycle & growth slides 16-20 3679564 https://padlet.com/3679564/l4e51fj0st1ourvo/wish/2752858261 Market penetration
is trying to increase the use of products because the current customer works toward growing its market becoming the dominant player and push other competitors out of business.
Market Expansion
involves selling the current products in a different market. This is used when competition increases and there may be room the expand to be better than competition.
Product Expansion
involves expanding the line of products with new features hoping to increase sales and profit.
Diversification
involves the sale of new products to new markets. usually involves research to ensure the new customers will like and purchase products. This process could also be risky to the business. 
Acquistion
is when a company purchase another company to broaden their operations this could be useful to a smaller business. ]]> 2023-10-18 14:51:37 UTC https://padlet.com/3679564/l4e51fj0st1ourvo/wish/2752858261 business cycle & growth slide 21 3679564 https://padlet.com/3679564/l4e51fj0st1ourvo/wish/2752863039 the peak of a business is when business activity has reached a maximum like full employment and level of output at near capacity. ]]> 2023-10-18 14:54:19 UTC https://padlet.com/3679564/l4e51fj0st1ourvo/wish/2752863039