The Circular Flow Model Shows the

question 23

Multiple Choice

The circular flow model shows the

• A)flow of expenditure and incomes that arise from the households', firms', and governments' decisions.
• B)flow of natural resources from firms to the private market to government and back to firms.
• C)distribution of income to the different factors of production.
• D)combinations of the factors of production needed to produce goods and services.
• E)distribution of income and consumption goods across income levels.

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Definitions:

Qualified Prospects

Potential customers who have been researched and evaluated and are deemed to have a high likelihood of becoming buyers.

New-business Salespeople

Sales professionals specialized in identifying, engaging, and converting prospects into new customers, vital for business growth and market expansion.

The Approach Step

A phase in a process or strategy that involves moving towards a specific goal or objective through planned actions.

Rapport

A positive relationship characterized by mutual respect, trust, and understanding between individuals or groups.