A Sec. "2503(c)trust

question 93

Multiple Choice

A Sec. "2503(c) trust"

• A)is a discretionary trust for a beneficiary of any age.
• B)is intended for beneficiaries over the age of 20.
• C)requires distribution of trust assets to the beneficiary at age 21.
• D)can be formed only by the parent(s)of the beneficiaries.

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Definitions:

Market Needs

The specific desires or requirements of consumers that businesses aim to fulfill with their products or services.

Environmental Forces

The uncontrollable forces that affect a marketing decision and consist of social, economic, technological, competitive, and regulatory forces.

Geographic Segmentation

Dividing a market into different geographical units like regions, states, cities, or neighborhoods to tailor marketing strategies accordingly.

City Size

The specific dimension or scale of an urban area, usually measured by its population or geographical area.