Elance Exams Answers PDF file

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If you are a company in a cyclical industry what is a good business strategy for you?

Deal with the volatility by implementating cuts to compensations, reducing employee work hours, or laying off workers during bad times. Paying bonuses, ensuring enough inventory, and hiring in mass during good times.
Close shop completly during bad times, and reopen when good times approach
Work with trade unions to ensure all work is approved beforehand and there is little risk of strike
Since costs are fixed, lower your workforce until you find the best formula for profit. Keep adjusting and improving this formula throughout the year.
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