What constitutes a multiplication fact?

A multiplication fact is defined by the relationship between factors and their product. In this case, there are two factors that are multiplied together to yield one product. For instance, in the multiplication scenario of 3 times 4, the two factors are 3 and 4, and the product is 12. Hence, the foundational structure of a multiplication fact consists of precisely two factors each contributing to the outcome or product. This clear relationship illustrates why the option stating two factors and one product accurately represents a multiplication fact.