Read the article titled "Managing firms throughout the business cycle" and respond to the following guiding questions. How have you seen recent

Read the article titled "Managing firms throughout the business cycle" and respond to the following guiding questions.

How have you seen recent changes in the business cycle affect businesses? Comment on one or two businesses that you have seen personally or read about that have had to make changes in their operations as a result of the recent downturn and slow upturn in the business cycle.

What do you think business firms can do to be better prepared to manage more effectively in any phase of the business cycle.