For Each of the Following Pairs of Products,state Which Are

question 229

Essay

For each of the following pairs of products,state which are complements,which are substitutes,and which are unrelated.
a.House plants and potato chips
b.Eyeglasses and contact lenses
c.Motorcycles and gasoline
d.Smartphones and smartphone apps
e.Red wine and white wine

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Definitions:

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership with the limited liability of a corporation.

Certificate of Authority

A certificate of authority is an official document granting a company the license to do business in a particular jurisdiction outside of its original registration.

Franchise Agreements

are legal contracts between the owner of a trademark, brand, or business system (franchisor) and an individual or entity (franchisee), granting the right to operate a business under the franchisor's model and brand.

Trade Secret

A type of intellectual property that comprises formulas, practices, processes, designs, instruments, patterns, or compilations of information not generally known or reasonably ascertainable, which gives a business advantage over competitors who do not know or use it.