Market refers to
A)people united by a similar need or desire for a particular product or service.
B)people with both the desire and ability to buy a specific offering.
C)the central location for all buying and selling of commodities.
D)a physical edifice, whether temporary, rented, leased, or permanent, that offers both a place to show one's wares and the materials necessary to complete an exchange.
E)a location either permanent or temporary used to safely store or display merchandise of a specific form or type.

Question

Quizplus · Accepted Answer

A market consists of people who have both the desire and ability to buy a specific offering. This means that they not only want the product or service but also have the financial means to purchase it. Therefore, option B is the correct answer. Option A refers to a target market, which is a specific group of people who may be interested in a product or service. Option C refers to a marketplace, which is a physical location for buying and selling. Option D refers to a market stall, which is a type of booth used for selling goods. Option E refers to a warehouse or storage facility.

Market Refers to