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

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Definitions:

Descriptive Statement

A written document that clearly describes the characteristics or details of an item or event.

Service Revenue

Income earned by a company for performing a service rather than selling physical goods.

Salaries and Wages Expense

The total amount paid to employees for services rendered during a specific period; considered an operating expense.

Unearned Subscription Revenue

Income received from subscriptions before the service has been fully delivered or the term of the subscription has been fulfilled.