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Today's Terms
Marketing
Definition:
Marketing the activities associated with buying and selling a product or service. The 4 Ps (product, place, price and promotion).
Accounting Method
Definition:
Any number of approaches for calculating the income of an entity. Usually applied to the general means of recognizing income and expenses, e.g., cash or accrual. But it can also apply to method of keeping inventories, etc.
Equity
Definition:
Business owners investment in the company.
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