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There are several auto repair shops in a three-block area on King Street.One of the shop owners decided to extend her shop's operating hours until 10 p.m.Monday-Thursday and provide a pick-up and delivery service with bonded drivers as well as guarantee all repairs for six months.This job owner is engaged in _____ marketing.
Private Companies
Businesses whose shares are not traded publicly on stock exchanges and are typically owned by the company's founders, management, or a group of private investors.
Intangible Asset
An asset without physical substance that holds value for a business, such as patents, trademarks, and copyrights.
Amortization
The process of spreading the cost of an intangible asset over its useful life for accounting and tax purposes.
Indefinite Life
An accounting term for assets that are not subject to depreciation due to their perpetual existence or usefulness.
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