The number of new businesses created will be at record numbers, having been attracted by the possibility of high profits. See all examples of slump. Meaning of business slump Rating: GCSE Exam boards: Designed to support all Year 12 students in the first year of taking A Level Business, our Flying Start Student Workshops focus on the core Year 1 teaching content and assessment skills. Some did not survive — their fixed costs were just too high to be able to remain viable.
You can also find related words, phrases, and synonyms in the topics: Unemployment, too, begins to fall as businesses are able to take on more workers in order to cope with the rise in economic activity. After the cone has been filled with concrete and the concrete has been cut off level with the top of the cone, the cone is raised vertically allowing the concrete to fall or slump.
A recession is not officially declared until several months of declining activity have passed, so the months leading up to the declaration of recession are simply described as a prolonged economic slump.
Economies go through a regular pattern of ups and downs in the value of economic activity as measured by gross domestic product or GDP. You can also follow tutor2uBusiness on Twitter, subscribe to our YouTube channel , or join our popular Facebook Groups. If their products are perceived by customers as representing good value for money, or a cheaper alternative than more expensive products, then consumers are likely to switch.
Cart Account Sign in Sign up. There's been a slump in the demand for new cars.
The Trump bump was a way to refer to the stock market rally that followed his election as President of the United States in November 2016.
Popular Courses. On the edge of my seat: He'd heard these rumours about a slump , and he's fifty years old at that. Examples include: