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Match the following:
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Intangible Assets
Intangible assets are non-physical assets possessed by a business, such as patents, trademarks, and copyrights, that have value and give the business certain rights.
Research And Development
Activities related to the innovation, introduction, and improvement of products and processes.
Trade-In Allowance
The credit a buyer receives for turning in an older item (such as a car) when purchasing a new one, reducing the out-of-pocket cost of the new purchase.
List Price
The official selling price of a product or service before any discounts are applied.
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