How did business respond to the great depression?

During the Great Depression, businesses faced severe challenges, leading many to implement drastic cost-cutting measures, including layoffs and reduced production. Some companies shifted their strategies, focusing on essential goods or services to maintain revenue. Additionally, many businesses sought government assistance through programs like the New Deal in the United States, while others experimented with innovative marketing and pricing strategies to attract consumers in a struggling economy. Overall, the response varied widely depending on the industry and individual circumstances.