A ____________ refers to people with unsatisfied wants and needs who are willing and able to buy a product or service.
A) Market
B) Consumer cooperative
C) Consumer collective
D) Buyer's cooperative

Question

Quizplus · Accepted Answer

A market is a group of people or organizations with unsatisfied wants and needs who have the ability and willingness to buy a product or service. Consumers may participate in a variety of market types, including physical marketplaces, online marketplaces, and other forms of economic exchange. Consumer cooperatives and buyer's cooperatives, on the other hand, are specific types of organizations or structures that facilitate economic activity among consumers, while a consumer collective is a more general term that may refer to any group of consumers who come together for a common purpose.

A ____________ Refers to People with Unsatisfied Wants and Needs