Which of the following is a defining characteristic of exchange?
A)a customer giving up one thing to get a more desired thing
B)a customer receiving one thing while not giving anything
C)a customer giving up one thing to get an expensive thing
D)a customer receiving one thing to get an inexpensive thing

Question

Quizplus · Accepted Answer

Exchange involves a customer giving up something of value (money, goods, services) in order to receive something else of perceived value that they desire more. The process of exchange is essentially trading one thing for another, which is described in option A. Options B, C, and D do not accurately describe exchange.

Which of the Following Is a Defining Characteristic of Exchange