In the Circular-Flow Model, Households Supply All of the Following

question 175

Multiple Choice

In the circular-flow model, households supply all of the following except:

• A) labor.
• B) goods and services.
• C) capital.
• D) entrepreneurial ability.
• E) natural resources.

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Definitions:

Logistics

Refers to the detailed coordination of a complex operation involving many people, facilities, or supplies.

Push-Pull Strategy

A marketing approach that combines both push tactics (direct selling, promotions to retailers) to create demand from supply channels and pull tactics (advertising, consumer promotions) to create consumer demand.

Forecast Sales

The process of predicting future sales volumes based on historical data, trends, and market analysis.

Customer Orders

Requests made by customers for a company’s goods or services, which are then fulfilled and delivered, forming the basis of the company's sales operations.