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The Phrase, "You Are What You Consume," Recognizes That Products

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The phrase, "You are what you consume," recognizes that products do more than influence the perceptions of others about who we are. They also:


Definitions:

Theoretical Assumptions

Foundational ideas or principles assumed to be true without immediate empirical testing, used as the basis for further theory development or analysis.

Conservatism

An accounting principle that advises to exercise caution and report expenses and liabilities as soon as possible, but to delay the recognition of revenues and assets.

Gross Profit Method

An inventory estimation technique that determines the cost of goods sold and ending inventory using the gross profit margin.

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