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The competitive pressures from substitute products tend to be stronger when
Fair Value
An estimate of the market value of an asset or liability, based on current market prices or valuations.
IFRS
International Financial Reporting Standards, a set of accounting principles for financial reporting used globally.
Equity Investments
Equity investments involve purchasing shares of stock in a company, representing partial ownership and the potential to earn returns through dividends and capital appreciation.
Amortized Cost
The initial investment cost adjusted for amortization or depreciation, representing the current book value of a financial asset or liability.
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