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.

Question

Quizplus · Accepted Answer

A market consists of customers who want to exchange something of value (money, time, effort, etc.) for a product or service that satisfies their needs. This group of potential customers with similar needs is the target audience for sellers who offer various ways of satisfying those needs. Therefore, all of these options are correct and together define a market.

A "Market" Consists Of