Describe what a recession is

[Joshua Farrell]

In your opinion, what is a recession in relationship to running your own company, or working for someone else?

 

[Blessedsam60]

Recession is when your business is experiencing a retardation economically. This could happen due to some mismanagement or due to some inappropriateness in staff working for you

 

[Mentor]

When a relationship become imbalanced, recession can set in from there and it's also a period of declining performance across an entire economy

 

[Ralphjoe]

In your opinion, what is a recession in relationship to running your own company, or working for someone else?

I think when it comes to reception in an individual basis is when the amount of money that you are earning has gone down in comparison to your expenditure. This is a very bad economic condition that can make someone to commit suicide so the only way that can bring people out of recession is by actually finding something profitable to do.

 

[Adebayonle7]

Recession in business occurs when there is a decline in the business activities either due to the high inflation rates in the markets or due to the high debt rate affecting the business, it also occurs when the business is making more loss than profits for a long time without being able to adjust, such can cripple the business.

 

[Yhubee]

Recession is when the business is in a bad state ,it could be due to overall economic problems in the country or due to mismanagement of funds in the business

 

[Toyoabasi]

In your opinion, what is a recession in relationship to running your own company, or working for someone else?

Recession in business is when one's business is experiencing a downturn.
This could be due to many factors including the country's economic situation, epidemics, poor business management.

 

[Ralphjoe]

Recession in business is when one's business is experiencing a downturn.
This could be due to many factors including the country's economic situation, epidemics, poor business management.

This is a very pathetic time for a business and most businesses grade any form of reception in it but I believe that we can be able to overcome business recession whenever it shows up by bringing up good business policies that will be able to drive the business even during the recession.

 

[nimzy]

To me I sees recession as a critical economic situation where by the internal and even the external structure of the economy is weak in such sense that the state can not be able to provide the basic social services to it citizens as a Result of lack of fund.

 

[Kubiat-Abasi]

Recession to my understanding is when the prices of goods and services skyrocket or they are inflated. It has to do with economic meltdown and when the dollar price in naira is on the high side, like it is presently.

 

[kayode10]

Recession has a great effect on most businesses over here. When recession occurs, it is very hard for most business to make sales as the purchasing power of people will go down.

 

[joy101]

Recession is actually mean when your business is experiencing failure or is not moving the way you want it to work, recession really have great affect in a business.

 

[Sotherefore]

When a business experiences a recession everything becomes very difficult to achieve in a business, Productions becomes difficult because of lack of available resources... In general the business might really be very difficult to Manage.

 

[Good-Person]

Recession simply refers to financial crisis and a lack of circulation of cash and a lack of sales. Recession could be caused by many reasons and one of them is the economical problems in the country itself that might have an impact on business.

 

[Ghost1]

Recession to me is a time of hardship in the country. It's when the economy of a country depreciate so much that things becomes very costly. The government must always do well to prevent this

 

[Kvngsammy]

Speaking from the angle which you're coming from as well; a recession is a decline or deviation from normalcy of what used to work. It's a decline in communication and other workings between individuals or establishments.

 

[tyrim88]

The trem reccession in the aspect of business is a general slowdown of busines activities in a country,when this occures it has a general effect.in that there will be a drop in cash circulation,unemployment,etc.

 

[Shigobad20201]

Recession in business is when one's business is experiencing a downturn.
This could be due to many factors including the country's economic situation, epidemics, poor business management.

Recession in terms of business is when the business is going through a hard time due to the situation of the poor economy in the country that has also affected the business.

 

[tyrim88]

Recession is actually mean when your business is experiencing failure or is not moving the way you want it to work, recession really have great affect in a business.

Yes there are actually a general slow down of business activities and commerce in general,it is as a result of decrease in the flow of cash as a result of lower or fewer economic activities in the country.

 

[Laurentta]

Recession in a business is when the business is not booming as itvis suppose to or as it used to. It is when the business is going through a tough time. During recession most times, the business no longer makes good sales and there is little or no more capital to keep funding the business.