A "Market" Consists Of

question 24

Multiple Choice

A "market" consists of:

• A) customers who are willing to exchange something of value.
• B) a group of potential customers with similar needs.
• C) sellers offering various ways of satisfying customer needs.
• D) All of these are correct.

---

Definitions:

Expert Power

The influence one possesses as a result of one's experience, skills, or knowledge in a particular domain.

Authorities

Authorities are individuals or organizations that hold the power to make decisions, enforce rules, and govern within a certain area or domain.

Legislative Advocacy

The act of attempting to influence decisions made by legislators or officials in the government, usually to pass, reform, or repeal laws.

Case Advocacy

Involves representing or defending the interests of a specific individual or group to secure their rights or resources, commonly found in social work, law, or healthcare.