Which of the following conditions must exist in order for marketing to occur?
A)two or more parties with unsatisfied needs, a desire and ability to satisfy them, a way to communicate, and something to exchange
B)two or more people, a product, a reasonable price, and a place to make an exchange
C)two or more people, a method of assessing needs, a way to communicate, and an exchange
D)two or more parties with unsatisfied needs, a desire to satisfy them, a satisfactory product, and something to exchange

Question

Quizplus · Accepted Answer

In order for marketing to occur, two or more parties must have unsatisfied needs, a desire and ability to satisfy those needs, a way to communicate, and something to exchange. This best describes the conditions necessary for a successful marketing transaction. Option B only mentions a product, price, and place, but does not include the communication aspect or the desire and ability to satisfy needs. Option C mentions assessing needs but does not necessarily include unsatisfied needs or a desire to satisfy them. Option D mentions a satisfactory product but does not include the ability and desire to satisfy needs.

Which of the Following Conditions Must Exist in Order for Marketing