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Business Final Exam Review

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Question:
A market consists of potential buyers of a good or service. However, for a market to exist: 

Answer:
a)  the business requires wholesalers and retailers.
b)  one firm must dominate in sales and product development.
c)  people must have unsatisfied wants and needs as well as a willingness and ability to buy.
d)  the product must be laboratory tested and approved by the Food and Drug Administration (FDA).
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Last Updated By tbresett on 12/13/2010
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Business Final Exam Review
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Free Quiz Question From Business Final Exam Review
Question: A market consists of potential buyers of a good or service. However, for a market to exist: 
Answer:
the business requires wholesalers and retailers.
one firm must dominate in sales and product development.
people must have unsatisfied wants and needs as well as a willingness and ability to buy.
the product must be laboratory tested and approved by the Food and Drug Administration (FDA).