What must happen in order for exchange to occur?
A)Organized marketing activities must also take place.
B)A profit-oriented organization must be involved in the process.
C)Money or other legal tender is required.
D)Each party must have something the other party considers to be valuable.

Question

Quizplus · Accepted Answer

For exchange to occur, each party must have something the other party considers to be valuable. This is the basic principle of exchange that leads to transactions. Money or other legal tender may be used as a means of exchange, but it is not a requirement. Organized marketing activities may facilitate exchange, but are not a necessary precondition. A profit-oriented organization may be involved in the process, but again, this is not a requirement for exchange to occur.

What Must Happen in Order for Exchange to Occur