What business you are, describe what our business does and your industry. The business can be real (e.g. Apple, Victoria Secret, Ford Motor Co, etc.) or fictitious (e.g. Will Smith Acting Academy, Rose's Flower Shop, ABC Mortgage Co., etc) Which phase of the business cycle you are in (peak, recession, trough, expansion) Economic characteristics that you are experiencing that typical for that stage of the cycle. What specific challenges is your business facing? For example, sales are slowing down/increasing, inventories are growing/declining, hiring or laying off employees, investment (e.g. building or closing factories, etc.), impact on prices of what product your business sells (how sticky are your prices?) Let's move that business on to the next stage of the cycle. Repeat steps 1-4 above for this business in the next stage of the cycle, giving new or different or expanded characteristics the business is experiencing in that stage of the cycle, and so on. You are required to post on two different businesses i.e. one in each response. Make sure to note and comment on the developments of steps 1- 4 and economic characteristics and specific challenges as they progress on to the next stage of the business cycle. Feel free to expand on a previously used characteristic. For instance, if inflation has been used already, expand to include whether it is demand-pull or cost-push inflation. Let's become part of our own business cycle in this post