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WebBusiness cycles are a type of fluctuation found in the aggregate economic activity of nations that organize their work mainly in business enterprises: a cycle consists of expansions … WebThe phase of the business cycle when the economy is near or at full employment and the level of real output is at or near capacity is called a: peak. The phase of the business cycle … WebMay 31, 2024 · In fact, the cycle consists of four distinct stages: planning, monitoring and developing, reviewing and rating, and rewarding. Here’s what each stage of the performance management cycle entails, and what managers and employees should expect during each phase of the process. 1. Planning dusty baker managerial career