Which of the Following Statements Is True of a Target

question 51

Multiple Choice

Which of the following statements is true of a target market?

• A)Environmental scanning is performed by firms in order to prevent changes in a target market.
• B)Unlike uncontrollable variables, controllable variables do not affect a target market.
• C)Uncontrollable elements continually evolve and create changes in a target market.
• D)Managers can control the external environment that molds and reshapes a target market.

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Definitions:

Tax-deferred Retirement Plans

Savings plans that allow individuals to postpone paying taxes on income invested until it is withdrawn, typically during retirement.

Distributions

Payments made from a fund or account, usually referring to dividends, interest, or withdrawals.

Beneficiaries

Individuals or entities designated to receive assets from an estate, trust, account, or insurance policy upon the owner's death.

Annuity

An annuity is a financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.