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Figure: Circular-Flow Model
-(Figure: Circular-Flow Model) Look at the figure Circular-Flow Model. If the circular-flow model is in equilibrium (the sum of money flowing into each box is equal to the sum of the money flowing out of it) and there is an increase in exports, which of the following is likely to happen?
Strategy Making
The process of defining an organization’s direction, making decisions on allocating its resources to pursue this strategy, and ensuring alignment of actions with strategic goals.
Strategic Management
The process of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives and gain a competitive advantage.
Big Picture
An overall or comprehensive view or perspective of an issue or situation, considering all relevant factors and potential implications.
Strategy
A comprehensive plan created to achieve long-term goals within an organization, involving the allocation of resources to capitalize on opportunities or manage threats.
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