Which of the Following Conditions Are Necessary for Marketing to Occur

question 239

Multiple Choice

Which of the following conditions are 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,a product,and an affordable and actionable advertising campaign

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Definitions:

Categorical Variables

Variables that represent types or categories that data can fall into; they can be nominal (no specific order) or ordinal (with some order or ranking).

Quantitative Variables

Variables that are measurable and can be expressed numerically, representing counts or measurements.

Categorical Data

Data that can be separated into specific categories according to distinct characteristics that are non-numeric.

Geographical Areas

Refers to specific physical locations defined by natural or artificial boundaries.