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:

Price of A

The cost assigned to a specific product or service "A", determined by various factors like production costs, supply, and demand.

Price of B

The cost required to purchase good B or the amount a consumer is expected to pay for acquiring good B.

Marginal Utilities

The added satisfaction or utility that a person receives from consuming an additional unit of a good or service.

Pocket Money

Usually small amounts of money given to children by their parents on a regular basis.