Type the correct answer in the box. Spell all words correctly. Keith works in the marketing department of an airline service company. He was asked to identify any current or future changes in market conditions. He found that one of the three main competitors for his company had launched a package deal campaign where customers could get a discount if they booked a bunch of tickets together. Keith knew that this would alter the market dynamics. What kind of market structure does Keith’s company use? Keith’s company uses a/an market structure.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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