The Term Market Is Best Defined As

question 21

Multiple Choice

The term market is best defined as:

• A)people with a need and a want for a product.
• B)organizations with the need and desire for a product.
• C)organizations with products that satisfy people's needs and wants.
• D)potential consumers with both the willingness and ability to buy.

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Definitions:

Shareholder Agreement

A contract among shareholders of a company outlining their rights, obligations, and mutual agreements regarding company operations and governance.

Duration

The length of time during which something exists or continues.

Statutory Close Corporation Supplement

Additional legal provisions or regulations applicable to a close corporation, closely held and not publicly traded, defined by statute.

MBCA

The Model Business Corporation Act, a set of laws proposed to standardize and regulate the incorporation and operation of businesses across the United States.