In order for exchange to occur,:
A) a complex societal system must be involved
B) organized marketing activities must also occur
C) a profit-oriented organization must be involved
D) money or other legal tender is required
E) each party must have something of value to the other party

Question

Quizplus · Accepted Answer

For exchange to occur, each party involved must have something of value to the other party. This could be goods, services or even money. However, money or other legal tender is not always required for exchange to occur. It is possible to have barter trade where goods or services are directly exchanged without the use of money. There does not necessarily have to be an organized marketing activity or a profit-oriented organization involved either.

In Order for Exchange to Occur