When It Comes to Selecting a Business Name to Be

question 2

Multiple Choice

When it comes to selecting a business name to be registered, or for the purpose of incorporation, all of the following apply except:

• A) The name must be acceptable to the Registrar of Companies in your province.
• B) Names are generally approved on the first submission.
• C) Any name that is similar to a name already registered will be rejected to avoid public confusion.
• D) The name is typically reserved for your exclusive use for 90 days.

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Definitions:

Promotion Strategy

The plan and implementation of communication from a company to its audience, aiming to increase awareness, sales, or engagement with a product or service.

Medtronic

A global healthcare solutions company known for its medical devices, technology, and services, including those for diagnosing and treating chronic conditions.

Market Segmentation

The practice of dividing a broad target market into subsets of consumers who have common needs, interests, and priorities, and then designing and implementing strategies to target them.

Market Aggregation

The practice of treating an entire market as a single entity by offering a single product or service to all customers, ignoring segmentation.