The Second Phase of the Industrial Revolution First Took Place

question 9

Short Answer

The second phase of the industrial revolution first took place in ______ (a country)in the _______ (decade).

Realize the importance of respect, trust, and friendship in building a successful sales career.

Acknowledge the importance of networking and its impact on sales.

Comprehend the qualifying process using the MAD acronym and its role in the sales process.

Understand the process of prospecting and its significance in identifying potential customers.

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Definitions:

Consumer Spending

The total amount of money spent by households and individuals in an economy on goods and services, an important indicator of economic health.

Consumption Expenditures

The total amount of money spent by households and individuals on goods and services for personal use.

Circular Flow Diagram

A visual model of the economy that shows how dollars flow through markets among households and firms.

Households

Economic units that consist of all individuals who live together in one dwelling, making joint decisions about consumption and labor.