Which of the Following Conditions Is Necessary for Marketing to Occur

question 80

Multiple Choice

Which of the following conditions is necessary for marketing to occur?

• A) two or more people, a method of assessing needs, a way to communicate, and an exchange
• B) two or more people, 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 hidden trend within an environmental force

---

Definitions:

GDP

GDP represents the aggregate financial or market worth of all completed products and services generated inside the confines of a nation over a defined timeframe.

Real GDP

The measure of the value of all goods and services produced within a country's borders, adjusted for inflation, over a specific time period.

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period, used as a broad measure of economic performance.

Deflation

A decrease in the general price level of goods and services, often leading to increased purchasing power of money.