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Posted by Terms compared staff | Aug 3, 2019 | Marketing |
Definitions and explanations Brand awareness: Brand awareness is known to be a consumer’s recognition of specific brand. It is one of the important factors for companies to set their market strategies. It directly hits the...
Read MorePosted by Terms compared staff | Aug 3, 2019 | Finance |
Definitions and explanations: Marginal cost: Marginal cost is the cost incurred for producing one extra unit of output. In other words, it is the total change in total cost that comes from producing one extra unit of output. The...
Read MorePosted by Terms compared staff | Aug 2, 2019 | Accounting |
Definitions and meanings: Notes payable: The notes payable is a liability account maintained in the company’s general ledger. When a company lacks cash, it may issue a promissory note to a financial institution or a vendor...
Read MorePosted by Terms compared staff | Aug 2, 2019 | Accounting |
Definitions and meanings Notes receivable: The note receivable is a formal promissory note issued by the maker or issuer to the payee. It may be defined as a written promise to pay an individual or organization a certain amount...
Read MorePosted by Terms compared staff | Aug 1, 2019 | Accounting |
Assets: A resource of a business entity that is owned and controlled by the business is known as asset. This resource has an economic value and inflow of economic benefits for business probable from it. Liabilities: Any future...
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