________ can have a much more defined target audience than that of a nonprofit.

Not-for-profit companies

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For-profit companies

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Charitable trusts

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Societies

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Solution

The correct option is B For-profit companies
For profit companies can have a much more defined target audience than that of a nonprofit. Motive for profit organization is to earn profits. Profit organization can take the form of the company and partnership entity. Profit organizations need to maintain their books of accounts for tax and auditing purposes.

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