Which of the Following Is the Best Example of a Market

question 152

Multiple Choice

Which of the following is the best example of a market?

• A) group of high school students who are tired of cafeteria food and would like to eat lunch at an expensive restaurant located a few blocks from their campus
• B) physical facility large enough to accommodate all the people who want to buy or sell a good
• C) senior citizens willing and able to cruise to the Bahamas
• D) geographic region targeted by a firm for new promotional efforts

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Definitions:

Marsupials

Mammals that carry and nourish their newborns in an external pouch, including species such as kangaroos, koalas, and opossums.

Placentals

Mammals that nourish their developing fetus via a placenta, an organ that facilitates the exchange of nutrients, gases, and wastes between the mother and fetus.

Notochord

A flexible rod-shaped structure that provides support in the embryonic stages of all chordates, including humans.

Tunicates

Marine invertebrates, also known as sea squirts, that are part of the subphylum Tunicata, characterized by a tough outer tunic and filter-feeding mode of nutrition.