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Under what conditions is MRP preferable to JIT and vice versa?
Goodwill
An intangible asset that arises when a business is purchased for more than the fair value of its standalone assets and liabilities, often attributed to the company's brand, customer base, and reputation.
Escrow Settlement
A financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction, ensuring fair and secure dealings.
Due Diligence
The process of thoroughly investigating the accuracy of information before signing a franchise (or any other) agreement.
Fact Finding
The process of gathering information and data to understand a subject or resolve an issue comprehensively.
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