Andi Littleton has inherited a Featherlite brand horse trailer from her recently deceased grandfather. A preliminary investigation has shown many people would be interested in owning a Featherlite brand horse trailer. She is considering placing an advertisement in a newspaper targeted to horse owners. She has been told similar horse trailers are selling for about $14,000. Which of the following conditions is necessary for an exchange to occur between Littleton and a buyer?
A)Her trailer should carry a low price.
B)The trailer should be on display somewhere that people will see it.
C)She needs to practise negotiating.
D)Littleton and her buyer must be able to walk away from the deal if desired.

Question

Quizplus · Accepted Answer

Both parties need to have the ability to walk away from the deal if desired for an exchange to occur. This ensures that both parties are satisfied with the terms and conditions of the exchange. The other options, such as pricing or advertising, may be helpful in attracting potential buyers, but they are not necessary conditions for an exchange to occur.

Andi Littleton Has Inherited a Featherlite Brand Horse Trailer from Her