The transfer of a negotiable instrument by a person other than the issuer to a person who thereby becomes a holder is referred to as a(n) ________

A merchant middleman who is engaged primarily in selling to ultimate consumers is referred to as broker

Indicate whether the statement is true or false

Ferrari sells only 2,200 of its very high-performance cars in North America each year at very high prices. The company is appealing to a specific ________

A) value chain B) market segment C) financial public D) business portfolio E) market position