Define Pasteurization

question 88

Short Answer

Define pasteurization.

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Definitions:

Utility

A measure of the satisfaction or benefit derived from consuming goods and services.

Allocation

The process of assigning a cost, or a group of costs, to one or more cost objectives, in reasonable proportion to the benefits provided or other equitable relationship.

Goodwill

An intangible asset representing the value of a company’s brand name, solid customer base, good customer relations, and employee morale.

Amortize

To amortize means to gradually reduce or write off the cost or value of an asset or a debt over a period.