For Each of the Following, Identify in Column 1 the Category

question 92

Essay

For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement(s) on which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
- $$\begin{array} { | l | l | l | l | l | } \hline & \text { Column } 1 & \text { Column } 2 & \text { Column } 3 & \text { Column } 4 \\\hline \text { Factory supplies } & & & & \\\text { inventory } & & & \\\hline\end{array}$$

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Definitions:

Adds Value

The process of enhancing a product or service before offering it to customers, thereby increasing its worth.

Inform Consumers

The practice of providing customers with relevant and accurate information about products, services, and their impact, enabling informed purchasing decisions.

Market Segmentation

The practice of dividing a market into distinct groups of buyers with different needs, characteristics, or behaviors.

Meaningfully Shared Characteristics

Traits or aspects that are significantly common within a group or category, enhancing understanding or identification.