Which of the Following Is One of the Four Main

question 44

Multiple Choice

Which of the following is one of the four main elements that define a market?

• A)a set of actual or potential customers who reference each other when making buying decisions
• B)a business plan that encompasses an evaluation of the competition
• C)a set of survey data from potential and existing customers
• D)a brainstorming session that identifies potential customers,no matter how unlikely

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Definitions:

Crown

A term used in legal contexts to denote authority and power of the state, or the monarch in countries with a monarchy.

Mineral Rights

Legal rights or ownership interests pertaining to the minerals beneath the surface of a piece of land, including the right to explore, mine, and produce those minerals.

Tangible Personal Property

Physical items or goods owned by an individual, excluding real estate.

Fixture

A thing attached to land or to a building or to another fixture attached to the land.