<u>Accession</u> is the right of an owner of property such as plants or animals to increase in the property. the owner of a cow, for example, owns the calves born to the cow.
Accession refers to the ownership of a property or any other thing, whether it be real or personal, movable or immovable. It carries with it the right to all that the thing produces, and to all that becomes united to it, either naturally or artificially. This this is called the right of accession. This right is given to an owner of a particular thing which is valuable.
Accession is the right of an owner of property over his particular valuable thing. This right is only given to that owner. For instance, the owner of a cow owns the calves born to the cow.
Hence, accession is important for every individual holding their valuables.
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<span>The head of the advertising agency making this type of a prediction is called a hypothesis.. A hypothesis is a prediction that is based on observations and conclusions drawn from a scenario, generally by someone who has some knowledge about the subject.</span>
Apple's products are well known and valued because of the demand, and customer loyalty, and the company's price premium rank high in the consumer tech industry. This is an example of Brand Equity.
<h3>
What is Brand Equity?</h3>
- A brand's intrinsic value, or the social value of a well-known brand name, is referred to as brand equity in marketing.
- Due to public perceptions that well-known companies' products are superior to those of lesser-known brands, the owner of a well-known brand name might profit more on brand recognition alone.
- Information economics and cognitive psychology have both been used to study brand equity in the research literature.
- Cognitive psychology holds that brand equity is dependent on consumer knowledge of the attributes and associations associated with the brand.
- A strong brand name serves as a reliable indicator of product quality for consumers who are only partially aware, and it also produces price premiums as a sort of return on branding investments, according to information economics.
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Answer:
Option (C) is correct.
Explanation:
Cost of goods sold = $66,000
Ending Inventory = $12,000
Inventory turnover refers to the ratio of cost of goods sold and ending inventory.
Inventory turnover for Ortiz:
= 5.5 times
Therefore, the inventory turnover for Ortiz is 5.5.