Which of the Following Is the Best Example of a Market

question 200

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:

Autotrophs

Organisms capable of producing their own food from inorganic substances using light or chemical energy, such as plants and some bacteria.

Autotroph

Organisms that produce their own food from inorganic substances using light or chemical energy, such as plants and certain bacteria.

Raw Materials

The basic material from which a product is made, often referring to natural resources or primary agricultural products.

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize foods with carbon dioxide and water, producing oxygen as a byproduct.