The boom and bust nature of business cycles:
a. often leads to cyclical funding cuts and spurts in R&D.
b. encourages most businesses to conserve cash during good times so that they can continue to invest when times are tough.
c. is not as common in markets for high-tech products as it is in markets for low-tech products.
d. is not as common in markets for low-tech products as it is in markets for high-tech products.
e. has less impact on businesses with a strong climate.
A
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