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For Each of the Following Pairs of Products State Which

question 65

Essay

For each of the following pairs of products state which are complements, which are substitutes, and which are unrelated.
a.Digital camera and memory stick
b.7Up and Mountain Dew
c.Swimsuits and flip-flo
d.Tylenol and cat food
e.Photocopier and paper


Definitions:

Certificate of Authority

An official document issued by regulatory authorities granting permission for a company to do business in a particular jurisdiction.

Foreign Company

A foreign company is a business entity that is incorporated in a country other than where it conducts its majority operations or where its principal investors reside.

LLC

stands for Limited Liability Company, a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Joint Venture

A business arrangement in which two or more parties agree to pool resources for the purpose of accomplishing a specific task.

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