Which Conditions Are Necessary for Marketing to Occur

question 59

Multiple Choice

Which conditions are necessary for marketing to occur?

• A) a changing environment, a method of assessing needs, a way to communicate, and an exchange location
• B) parties with cash or credit, a product, a reasonable price, and a place to make an exchange
• C) a quality product, a fair price, a clever method of promotion, and a place where a customer can buy the product
• D) two or more parties with unsatisfied needs, a desire and an ability to satisfy them, a way to communicate, and something to exchange
• E) an ability to see a trend within an environmental force, a product, and an affordable and actionable advertising campaign

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Definitions:

Balance Sheet Account Balances

The values at a specific point in time for assets, liabilities, and equity accounts as represented in a company's balance sheet.

Accounting Period

A specific time frame for which financial information is reported, commonly a year, quarter, or month.

Equality

A principle in accounting that refers to the balance between total debits and total credits in a double-entry bookkeeping system.

Post-Closing Trial Balance

A list of all active general ledger accounts and their balances after closing entries have been posted, used to check the accuracy of closing procedures.