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Businesses play a role in the circular flow of goods by:

A. Offering natural resources to manufacturing firms
B. Providing labor to resources markets.
C. Creating goods that households want to buy
D. Directly selling products to consumers

2 Answers

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Answer:

Turning resources into products for sale

Step-by-step explanation:

User EarthIsHome
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Answer:

C. Creating goods that households want to buy

Step-by-step explanation:

Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

The main purpose of supply chain management is to provide collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.

Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.

Hence, businesses play a role in the circular flow of goods by creating goods that households want to buy. These goods are produced to meet the needs or wants of customers (households) and as such making them willing to buy it.

User Prid
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