According to the Circular Flow Diagram,with Households and Firms as the Only

question 12

Multiple Choice

According to the circular flow diagram,with households and firms as the only two sectors,money saved by the households reenters the economy in the form of:

• A)human capital.
• B)investment spending.
• C)fiscal spending.
• D)consumption spending.
• E)deposits.

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Definitions:

Order Cycle

The total amount of time that elapses from the time a customer places an order until the time the product is delivered to the customer.

Customer Inquiries

Refers to questions or requests for information made by customers regarding a company's products or services.

Customer Service

The help and counsel furnished by an organization to individuals who acquire or engage with its offerings.

Brand Recognition

The degree to which customers can identify the brand under a variety of circumstances.