The procedure of transferring journal entries to the ledger accounts is called accounting
United States and European privacy laws are largely based on the Fair information practices report.
The Fair Information Practices, additionally referred to as the Fair Information Practice Principles (FIPPs), are a set of 8 concepts concerning facts usage, collection, and privacy. They had been posted in 1980 through the Organization for Economic Cooperation and Development (OECD) and a number of countries agreed upon them in principle.
The FIPPs as they presently seem are primarily based totally on recommendations proposed through an advisory committee to the United States Department of Health, Education, and Welfare in 1973. The committee's document referred to that "Safeguards for personal privacy primarily based totally on our idea of mutuality in record-keeping could require adherence through record-retaining groups to certain fundamental concepts of fair records practice.
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Answer:
- Extension.
Explanation:
'Product extension' is illustrated as the company's strategy that involves the use of a presently existing established brand name to introduce a new product with slight variations in the similar product category. Such strategies assist the companies to increase their profit margins by offering a wide variety of products as the familiar brand's goodwill works for it to increases the sales effectively.
In the given question, the introduction of 'innovative products as televisions' by Sony that offers a variation in the established brand name of Sony in 'color television' would surely promote the increased sales and profits for the company. Such a strategy is categorized as 'product extension' that involves the extension of the similar product range.
