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 must be tangible
E) time utility must be created

Question

Quizplus · Accepted Answer

An exchange can only occur if two parties are willing to make a trade, and each has something the other wants. This is the basic principle of trade and exchange. The other options, such as the presence of a winner and loser, financial profit being made, or the item's tangibility, are not necessarily requirements for an exchange to occur. Time utility may play a role in creating demand for the item, but it is not a requirement for an exchange to take place.

For an Exchange to Occur, ________