For an exchange to occur, ________.
A) at least two people or organizations must be willing to make a trade, and each must have something the other wants
B) there must be one winner and one loser
C) someone must make a financial profit
D) the item that is exchanged must be a tangible product
E) time utility must be created for the purchaser

Question

Quizplus · Accepted Answer

An exchange requires two parties who are willing to trade something of value. Each party must have something the other wants, and both parties should benefit from the transaction. Financial profit may or may not be involved, and the item being exchanged does not have to be tangible. Creating time utility for the purchaser may be a benefit, but it is not a requirement for an exchange to occur.

For an Exchange to Occur, ________