A Market Is a Group of Individuals And/or Organizations That

question 35

True/False

A market is a group of individuals and/or organizations that have needs for products in a product class and have the ability, willingness, and authority to purchase these products.

---

Definitions:

United Nations Universal Declaration

The Universal Declaration of Human Rights is a historic document adopted by the United Nations in 1948, outlining the rights and freedoms to which all human beings are entitled.

Human Rights

Fundamental rights that every individual is entitled to, regardless of nationality, sex, ethnicity, religion, or any other status.

Freedoms

The powers or rights to act, speak, or think as one wants without hindrance or restraint.

Extreme Poverty

A condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education, and information.