Examlex
What is prestige pricing? Under what circumstances should a company consider using prestige pricing?
Business Transaction
An economic event with a monetary impact on an entity's financial statements, often involving the exchange of goods or services.
Actual Authority
The express and implied powers granted by a principal to an agent to act on their behalf.
Duty to Serve
The obligation of certain entities to provide services to all potential customers within a specified area or domain, often used in the context of utilities or public services.
Duty to Account
An obligation to provide a detailed report of financial transactions or holdings, typically mandated in fiduciary relationships or other scenarios demanding transparency and accountability.
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