Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

what did struggling businesses do to try to remain open during the grea…

Question

what did struggling businesses do to try to remain open during the great depression? they paid off their bank loans. they laid off workers. they formed shantytowns. they retrained workers.

Explanation:

Brief Explanations

During the Great Depression, struggling businesses aimed to cut costs to stay open. Paying off bank loans would be difficult due to lack of funds. Shantytowns were formed by unemployed people, not businesses. Retraining workers would cost money, which businesses lacked. Laying off workers reduces labor costs, a common cost - cutting measure.

Answer:

B. They laid off workers.