Which of the Following Is a Condition Required for an Exchange

question 64

Multiple Choice

Which of the following is a condition required for an exchange to take place?

• A)Each participant must hold on to his or her respective "something of value."
• B)Buyers and sellers must be able to communicate about the "something of value" available to each.
• C)The items of value offered by the buyers and sellers must be tangible in nature,such as money and cars.
• D)Products on offer should be standardized by sellers.
• E)Marketers should conduct research to ascertain the need for new goods and services.

---

Definitions:

Poles

In psychology, it can refer to the extremes of a personality dimension or trait, such as introversion/extroversion, where individuals can be positioned along a continuum.

Bandura

An influential psychologist known for his work on social learning theory, later called social cognitive theory.

Reciprocal Determinism

A concept in social cognitive theory proposed by Albert Bandura, suggesting that personal factors, behavior, and the environment interact and influence each other.

Permeable Construct

A concept or belief that is open to modification and can be influenced or penetrated by external factors, allowing for flexibility and change.