Which Type of Firm Is Legally Required to Setup a Double-

question 50

Multiple Choice

Which type of firm is legally required to setup a double- entry booking system to record its business transactions?

• A)corporation
• B)proprietorship
• C)limited liability company
• D)partnership

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Definitions:

Market Segments

Divisions of a market into distinct groups of buyers with different needs, characteristics, or behaviors who might require separate products or marketing strategies.

Segment's Attractiveness

The level of appeal a particular market segment has to a company based on factors like size, profitability, and growth potential.

Situation Analysis

Situation analysis is the process of evaluating the current state of a business or project, including internal and external factors, to inform strategic planning.

Target Market Segment

A specific group of consumers identified as the intended recipient of a marketing strategy or campaign.