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The COVID-19 pandemic led to a global recession. During a recession __________.
organisations must prepare themselves for growth in economic activity
the economy is doing well, and consumers have more disposable income tospend on goods and services
the economy is doing well, and consumers have more disposable income to
spend on goods and services
production, employment and profits drop drastically, and all sectors ofthe economy suffer
production, employment and profits drop drastically, and all sectors of
the economy suffer
consumers have less disposable income to spend on goods and servicesand, therefore, they buy less
consumers have less disposable income to spend on goods and services
and, therefore, they buy less
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