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DISTRIBUTION: This was formerly, the placement variable of the marketing mix. The activities that put the product, service, or idea at the correct location the customer wants and needs in order to facilitate the purchase. Channels of distribution vary based on the businessŐ strategy, target market, and resources.

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Lesson 11: Circular Flow | Unit 4: Foreign Page: 17 of 22

Topic: Exports and Imports <=PAGE BACK | PAGE NEXT=>

  • Exports are goods and services produced by the domestic economy and purchased by the foreign sector.
  • Imports are goods and services produced by the foreign sector and purchased by the domestic economy.
  • Exports are the green flow coming from the foreign sector and joining GDP before reaching the business sector.
  • Imports are the green flow leaving the consumption, investment, government purchases stream and going to the foreign sector.
  • Note that the physical flow of production (exports and imports) moves in opposite direction as the green payment flows.

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LAND

The naturally occurring resources used in the production of goods and services, including the land itself; the minerals and nutrients in the ground; the water, wildlife, and vegetation on the surface; and the air above. Land also includes the productive dimensions of space and accessibility. This is one of four basic categories of resources, or factors of production. The other three are labor, capital, and entrepreneurship.

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APLS

GRAY SKITTERY
[What's This?]

Today, you are likely to spend a great deal of time at a dollar discount store hoping to buy either a handcrafted bird feeder or a New York Yankees baseball cap. Be on the lookout for infected paper cuts.
Your Complete Scope

This isn't me! What am I?

The average bank teller loses about $250 every year.
"The greatest things ever done on Earth have been done little by little. "

-- William Jennings Bryan

ANOVA
Analysis of Variance
A PEDestrian's Guide
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