Examlex
After spending an entire day fishing, Terry came back with a large minnow. But every minnow is a fish. Therefore, Terry came back with a large fish.
Useful Life
The estimated duration a fixed asset is expected to be economically usable, with normal maintenance, for the purpose it was acquired or constructed.
Economic Value
The measurement of the benefit provided by a good or service to an economic agent.
Value-based Pricing
A pricing strategy where the price is set based on the perceived or estimated value of a product or service to the customer rather than on the cost of production.
Robot
An automated machine capable of carrying out a complex series of actions automatically, often programmable by a computer.
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