Which of the Following Conditions Are Necessary for Marketing to Occur

question 149

Multiple Choice

Which of the following 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:

Mutually Exclusive

This term describes options or decisions that cannot occur simultaneously; choosing one means forgoing the others.

Required Rate

The minimum percentage return that an investment must yield to be considered acceptable. It is essentially another term for the required return on investment, critical for financial planning and analysis.

Cash Flows

Cash flows are the net amount of cash and cash-equivalents being transferred into and out of a business.

Required Return

The minimum expected return on an investment, necessary to compensate for the risk taken by the investor.