Provide an example of an economic recession impacting the financial performance of an industry of your choosing. Is it possible for an industry to perform well during economic downturns? What components of a financial plan might differ depending on the industry? How do you determine what to include when drafting a financial plan for your organization?

Answer rating: 100% (QA)

Lets consider the retail industry during an economic recession as an example During a recession consumer spending tends to decrease as people become more cautious with their money leading to a decline ... View the full answer