The phase of business cycle that U.S. economy is in. Introduction: A business cycle, additionally called monetary cycle, is a time of changing financial movement included extensions and compressions as estimated by GDP . At the end of the day, it is a timeframe where the economy develops, pinnacles and decreases. At that point the cycle rehashes itself.

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There are some 4.5 billion people in the base of the pyramid as customers, diverse suppliers and strategic distribution and retail partners. These people live primarily in Asia, Africa and South America. The BOP is defined as those people that earn less than $ 8 per day. They are value demanding consumers, resilient and creative entrepreneurs, producers, business partners and innovators. Because they are largely excluded from formal markets, there is a strong demand for innovative products, services and technologies that provide access to basic needs. *** Consultant 1 argues that businesspersons should turn their attention to the poorest of the 4 billion people in developing markets, the core of the base of the pyramid, who are slowly but steadily becoming part of the market economy. While per capita income is small, she believes the potential size of this market is huge and represents the next frontier of globalization. She notes that firms focused on developed markets may need to…

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Question

Chapter 1, Problem 16CC

Summary Introduction

To determine: The phase of business cycle that U.S. economy is in.

Introduction: A business cycle, additionally called monetary cycle, is a time of changing financial movement included extensions and compressions as estimated by GDP. At the end of the day, it is a timeframe where the economy develops, pinnacles and decreases. At that point the cycle rehashes itself.

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There are some 4.5 billion people in the base of the pyramid as customers, diverse suppliers and strategic distribution and retail partners. These people live primarily in Asia, Africa and South America. The BOP is defined as those people that earn less than $ 8 per day. They are value demanding consumers, resilient and creative entrepreneurs, producers, business partners and innovators. Because they are largely excluded from formal markets, there is a strong demand for innovative products, services and technologies that provide access to basic needs. *** Consultant 1 argues that businesspersons should turn their attention to the poorest of the 4 billion people in developing markets, the core of the base of the pyramid, who are slowly but steadily becoming part of the market economy. While per capita income is small, she believes the potential size of this market is huge and represents the next frontier of globalization. She notes that firms focused on developed markets may need to…

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