The basis of the market data approach to appraisal is found in the:
a. principle of balance.
b. principle of conformity.
c. principle of substitution.
d. principle of contribution.
Answer: c. principle of substitution.
Business
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Tosho Electronics, a leading Japanese, electronic manufacturer believes shorter product life cycles of new products reduce the scope for R&D and innovation. Offer a possible reason for shorter life cycles
What will be an ideal response?
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Cycle inventory is primarily held to take advantage of economies of scale and reduce profit within the supply chain
Indicate whether the statement is true or false.
Business