Which of the Following Conditions Must Exist in Order for Marketing

question 14

Multiple Choice

Which of the following conditions must exist in order for marketing to occur?

• A)two or more parties with unsatisfied needs, a desire to satisfy them, a satisfactory product, and something to exchange
• B)two or more people, a product, a reasonable price, and a place to make an exchange
• C)two or more parties with unsatisfied needs, a desire and ability to satisfy them, a way to communicate, and something to exchange
• D)two or more people, a method of assessing needs, a way to communicate, and an exchange

---

Definitions:

360-Day Year

A financial calculation convention using a simplified year of 360 days to facilitate easier interest calculations.

Exact Interest

A method of calculating interest based on a 365-day year or actual number of days in a loan or investment period, providing a precise interest calculation.

365-Day Year

A conventional method of calculating interest based on a 365-day year, often used in financial calculations.

Estimate Interest

An approximation of the interest amount over a certain period based on a given rate.