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Digitized information products like software and music,pioneers are unlikely to benefit from substantial economies of scale.
Controlling Account
A general ledger account that summarizes the total balances of several subsidiary accounts.
Accounts Payable
Liabilities to suppliers or creditors for items or services purchased on credit.
Merchandise Inventory
The total cost of all the goods owned by a company that are intended for sale, during a particular accounting period.
Permissive Parents
A parenting style characterized by low demands with high responsiveness, where parents are very lenient and often only step in when serious problems arise.
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