Examlex
What three tests are used to evaluate an operating segment in order to determine if it is a reportable segment?
GDP
Gross Domestic Product, the total value of all goods and services produced within a country's borders in a specific time period.
Market Value
The current price at which an asset or service can be bought or sold in the marketplace.
Goods and Services
The fundamental output of businesses to customers; goods are tangible items, whereas services are intangible offerings.
Market Potential
The maximum total sales volume that could be achieved by all firms in a market for a specific product or service over a given period, under ideal conditions.
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