CIPS A6 Exam - Topic 1 Question 48 Discussion
Which of the following best describes the term 'business cycle'?
A) The time that elapses between a buyer placing an order and the seller delivering the goods
B) The continuum of economic activity from extraction of raw materials to the sale of finished goods
C) The time that elapses between a user department recognizing the need for an item and purchasing placing the order
D) The need for all businesses in a free market economy to make a profit which allows the company to expand and grow.
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