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Discuss three important financial trends that relate to retailing.
Fire Insurance
A type of property insurance that covers damage and losses caused by fire, providing financial protection to property owners.
Random Variable
A variable whose values depend on outcomes of a probabilistic phenomenon, often used in statistics and probability theory.
Future Price
The predicted price of a commodity, security, or currency in a futures contract for delivery and payment at a specified future date.
General Motors
A multinational corporation based in the United States that designs, manufactures, markets, and distributes vehicles and vehicle parts.
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