A <u><em>product </em></u>is defined as tangible goods, services, ideas, or some combination of that satisfies the consumer.
Tangible good:
Tangible goods are any items that can be physically touched, moved, seen, weighed, measured, or picked up. A car, printed book, clothing, tools, flowers, furniture, or DVDs are just a few of many examples of tangible goods.
Intangible or Abstract goods;
An intangible good is claimed to be a type of good that does not have a physical nature, as opposed to a physical good (an object). Digital goods such as downloadable music, mobile apps, or virtual goods used in virtual economies are proposed to be examples of intangible goods.
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Answer:
Accumulated Depreciation as on 31st December 2017 is 2448
Explanation:
Depreciation using straightline method=<u>Cost of equipment-salvagevalue</u>
useful life of the asset
Depreciation =<u> 12,240-0</u>
5years
Depreciation on 31st December 2017 = $2448
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The primary source of fuel in South America is petroleum.
Answer:
1. Minimizing Risk, 2. Generate profits 3. Preservation of Capital:
Explanation:
<u>1. Minimizing Risk</u>
Every investment opportunity has its share of risk. Having a diversified portfolio shield from unforeseen market events. If one class of investments perform poorly, other groups may do well, thereby reducing the loss impact.
<u>2. Generate Profits </u>
Diversification means investors will be relying on several investment tools for returns. Some markets may not respond as the investor expects. Should some markets not do well, an investor will be assured of profits from the rest.
<u>3. Preservation of Capital</u>
The main aim of investing is to make profits, preserving capital is as equally important. Every investor must be careful not to lose all his capital. Having a diversified portfolio helps protect wealth.
