A Target Market

question 104

Multiple Choice

A target market

• A)involves a large number of customers.
• B)is a specific group of customers on whom a company focuses its marketing efforts.
• C)already has several competitors vying for customers' business.
• D)is the same as a salesperson's prospective client list.
• E)is a customer group classified as people with similar demographic characteristics.

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Definitions:

Common Stock

A form of corporate equity ownership, a type of security representing ownership of a fraction of a corporation's capital.

Industry Segment Disclosure

Financial reporting that breaks down a company's operations by segment or division to provide insight into each segment's performance.

U.S. GAAP

The Generally Accepted Accounting Principles in the United States, which set the standards for financial reporting and accounting.

Seventy-Five Percent

A quantitative measure or threshold, often referenced in various contexts to signify a substantial majority of 75%.