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While almost everyone purchases toothpaste, not everyone buys the same toothpaste. Even a single brand can have several variants to appeal to different customer needs. For example, Procter and Gamble's Crest 3D White is for those seeking brighter white teeth, Crest Pro-Health provides protection against plaque bacteria, and Crest Sensitivity is for those with sensitive teeth. Clearly, P&G is taking a(n) ______ approach with the Crest brand.
Non-Current Liability
Liabilities not due for settlement within 12 months from the balance sheet date, representing longer-term financial obligations.
Financial Institution
An organization that provides financial services, such as banking, insurance, investment management, or brokerage services.
AASB 101
An Australian Accounting Standards Board standard that prescribes the basis for presentation of general purpose financial statements, to ensure comparability both with the entity's financial statements of previous periods and with the financial statements of other entities.
General Purpose Financial Statements
Financial reports prepared to meet the needs of various users who are not in a position to demand reports tailored to their specific information requirements.
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