# CTE Resource Center - Verso - Marketing, Advanced Task 896546655

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Describe the phases of the business cycle.

Definition

Description should include the four phases of the business cycle and the characteristics of each phase. It should also explain

  • how the phases affect business planning
  • how businesses plan for the fluctuations of the economy
  • internal and external factors that influence business cycles.

Process/Skill Questions

  • How does government attempt to affect business cycles?
  • What is the role of consumer confidence in the economy? How does it relate to business cycles?
  • What business cycle phase is the U.S. economy currently in? How does this phase affect the life of the individual? The general health of the national economy? The general health of the global economy?
  • What happens to an economy during a period of recession?
  • What is the difference between a recession and depression?
  • Which businesses might continue to do well during a recession?

Related Standards of Learning

English

11.5

The student will read, interpret, analyze, and evaluate a variety of nonfiction texts including employment documents and technical writing.
  1. Apply information from texts to clarify understanding of concepts.
  2. Read and correctly interpret an application for employment, workplace documents, or an application for college admission.
  3. Analyze technical writing for clarity.
  4. Paraphrase and synthesize ideas within and between texts.
  5. Draw conclusions and make inferences on explicit and implied information using textual support.
  6. Analyze multiple texts addressing the same topic to determine how authors reach similar or different conclusions.
  7. Analyze false premises, claims, counterclaims, and other evidence in persuasive writing.
  8. Recognize and analyze use of ambiguity, contradiction, paradox, irony, sarcasm, overstatement, and understatement in text.
  9. Generate and respond logically to literal, inferential, evaluative, synthesizing, and critical thinking questions about the text(s).

12.5

The student will read, interpret, analyze, and evaluate a variety of nonfiction texts.
  1. Use critical thinking to generate and respond logically to literal, inferential, and evaluative questions about the text(s).
  2. Identify and synthesize resources to make decisions, complete tasks, and solve specific problems.
  3. Analyze multiple texts addressing the same topic to determine how authors reach similar or different conclusions.
  4. Recognize and analyze use of ambiguity, contradiction, paradox, irony, overstatement, and understatement in text.
  5. Analyze false premises claims, counterclaims, and other evidence in persuasive writing.

Other Related Standards

National MBAResearch Standards-Business Administration

Understand economic indicators to recognize economic trends and conditions.