A market is:
A) the demand made by a certain group of potential buyers for a good or service.
B) a place where buyers and sellers meet.
C) a location where goods and services are offered for sale.
D) a place where the transfer of ownership occurs
E) described by all of the above.

Question

Quizplus · Accepted Answer

A market encompasses all these definitions: it involves the demand for goods or services (A), serves as a meeting place for buyers and sellers (B), is a location where goods and services are offered for sale (C), and is a venue where the transfer of ownership occurs (D).

A Market Is