Question

during which phase of the business cycle would dyson, a small-appliance manufacturer, be most likely to introduce new products?

Answer 1

Dyson, a small-appliance manufacturer, is most likely to introduce new products during the expansion or boom phase of the business cycle, when economic growth fosters favorable conditions for investment in new technologies.

Step-by-step explanation:

During the business cycle, a small-appliance manufacturer like Dyson would be most likely to introduce new products during the expansion or boom phase. This period is characterized by economic growth, higher levels of income, increased consumer confidence, and a greater willingness to spend on new technologies and innovations. Companies are more likely to invest in research and development during this phase, as the expected rates of return from sales are higher and there is a specified period of time promoting such investments. Innovations introduced during this period can also have a positive social impact, boosting the overall benefits to society beyond just the financial returns to the company.

Answer 2

Dyson, a small-appliance manufacturer, would be most likely to introduce new products during the expansion phase of the business cycle. The expansion phase is characterized by economic growth, increasing consumer confidence, and higher disposable income among consumers.

During this period, businesses often experience higher sales and profitability, providing them with the resources and market conditions favorable for investing in new product development and innovation.

Consumers are more willing to spend on non-essential items, such as new and innovative appliances, making it an opportune time for companies like Dyson to launch new products and capture market interest. Thus, Dyson will introduce new products during the expansion phase of the business cycle.