Which of the following is a condition required for an exchange to take place?
A) Each participant must hold on to his or her respective "something of value."
B) Buyers and sellers must be able to communicate about the "something of value" available to each.
C) The items of value offered by the buyers and sellers must be tangible in nature,such as money and cars.
D) Products on offer should be standardized by sellers.
E) Marketers should conduct research to ascertain the need for new goods and services.
Correct Answer:
Verified
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Q8: At the heart of all business is
Q9: Marketing activities best create value by:
A)focusing exclusively
Q11: _ is the process of moving products
Q12: Creating an innovative product that meets many
Q13: For the success of products launched by
Q14: _ has the important function of providing
Q15: _ is the chance of loss associated
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