The Possibility of Target Markets Not Being Defined Correctly Decreases

question 58

True/False

The possibility of target markets not being defined correctly decreases if a small business does not have a market plan.

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Definitions:

Special

Distinguished by a unique or particular quality, different from the norm.

Trust Endorsement

An endorsement that is used when the instrument is being transferred to an agent or trustee for the benefit of either the endorser or a third party; gives the endorser the rights of a holder.

Agent

An individual authorized to act on behalf of another person or entity in business transactions or legal matters.

Special Endorsement

An endorser’s signature accompanying the name of the endorsee.