For an exchange to occur,________.
A)at least two people or organisations must be willing to make a trade,and each must have something the other wants
B)the item must be tangible
C)there must be one winner and one loser
D)a time utility factor must be provided
E)someone must make a financial profit

Question

Quizplus · Accepted Answer

An exchange requires at least two parties who are willing to engage in a trade, and each party must have something the other wants. This applies to both tangible goods and intangible services. The concept of a winner and loser or a financial profit is not necessarily a factor in an exchange. A time utility factor may be important in some exchanges, but it is not a requirement for an exchange to occur.

For an Exchange to Occur,________