Which of the following statements about embryonic industries is true? a. They are characterized by well-developed distribution channels. b. They are characterized by very a high initial customer demand. c. They involve low production costs because of large volumes of production. d. They enjoy the abundance of complementary products that help increase sales. e. They face the challenge of educating customers who are not familiar with their product benefits.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

It depends on what the venn diagram is over