Question

In order for exchange to occur, which of the following must be true?

1) Communication must not occur
2) Each party must have something of value to the other party
3) Money must be present
4) A profit organization must be involved

Answer 1

In order for exchange to occur, each party must have something of value to the other party. Communication, although necessary, is not enough on its own. Money is not always required, and a profit organization is not necessary for exchange to take place.

Step-by-step explanation:

In order for exchange to occur, each party must have something of value to the other party. This means that there needs to be a mutual benefit or perceived value in the transaction. Communication is actually necessary for exchange to occur, as it is through communication that parties can negotiate and agree on the terms of the exchange. Money is not always required for exchange, as bartering or other forms of trade can also take place. Lastly, the involvement of a profit organization is not a requirement for exchange to occur, as exchanges can happen between individuals or even between countries.