“The Impact of Economic Fluctuations on Smartphone Sales: Understanding the Business Cycle, Unemployment Levels, Labor Force Participation Rate, and Inflation”

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?
Rubric Details
Business Cycle
Mastery: Advanced or exceeds achievement
Thoroughly explained how economic fluctuations affect the sale of smartphones. Clearly defined the four phases of the business cycle that affect economic fluctuations.
Unemployment Levels
Mastery: Advanced or exceeds achievement
Thoroughly explained how unemployment levels would affect the sale of smartphones.
Labor Force Participation Rate
Mastery: Advanced or exceeds achievement
Thoroughly explained how the sale of smartphones would be affected if the labor force participation rate decreased. Clearly defined the labor force participation rate and provided the current labor force participation rate in the U.S.
Inflation
Mastery: Advanced or exceeds achievement
Thoroughly explained how inflation and less consumer purchasing power affect the sale of smartphones.