The Simple Circular Flow Model Shows That Workers and Owners

question 184

Multiple Choice

The simple circular flow model shows that workers and owners of land and capital offer their services through:

• A)product markets.
• B)factor markets.
• C)money markets.
• D)government.
• E)the foreign currency market.

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Definitions:

SWOT Analysis

SWOT Analysis is a strategic planning tool used to identify the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

New-Product Strategy Development

New-Product Strategy Development involves the process of designing, creating, and bringing a new product or service to the market, ensuring it aligns with the company's overall strategy and consumer needs.

Marketing Environment

The outside factors and forces that affect a company’s ability to meet its marketing goals. Those forces include political, economic, demographic, sociocultural, technological, and legal factors.

Adoption Process

The sequence of steps a consumer goes through, from first becoming aware of a new product or service to finally making the purchase and using it.