You are a junior executive of a new cellular phone carrier called Technologies of the Future (TOF) that competes in the same market as Verizon Wireless, AT&T, and T-Mobile. You are asked to write a professional document that discusses the concepts below.
- How would economic fluctuations affect the sale of smartphones?
- Please define the four phases of the business cycle that affect economic fluctuations.
- How would unemployment levels affect the sale of smartphones?
- How would the sale of smartphones be affected if the labor force participation rate decreased?
- Please define the labor force participation rate and provide the current labor force participation rate in the United States.
- How would inflation and less consumer purchasing power affect the sale of smartphones?
