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What Are the Likely Effects of a Revision of the Definition

question 29

Essay

What are the likely effects of a revision of the definition of a concept? Provide an example.


Definitions:

Subsidiary

A company that is controlled by another company, usually referred to as the parent company or holding company.

Listed Company

A company whose shares are traded on a public stock exchange, allowing investors to buy and sell shares.

Retail Industry

The sector of the economy that is composed of individuals and companies engaged in the selling of finished products to end-user consumers.

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