What Is the Impact of the Internet and Extranets on Pricing

question 70

Essay

What is the impact of the Internet and extranets on pricing strategies?

---

Definitions:

GAAP

Generally Accepted Accounting Principles; a framework of accounting standards, principles, and procedures.

Lease Capitalization

The process of recording a lease as an asset and a corresponding liability on the balance sheet, reflecting the assets' use and obligation to make lease payments.

Bargain Purchase Option

An option in a lease agreement that allows the lessee to purchase the leased asset at a price significantly below its fair market value.

Capital Lease

A lease agreement that is classified as a purchase by the lessee for accounting purposes because it meets certain criteria, such as transfer of ownership by the end of the lease term.