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A conglomerate is a large corporation that owns a collection of different companies operating in various industries. These subsidiary companies are often unrelated, meaning they do not produce similar products or services. The purpose of a conglomerate is to diversify business operations and reduce risk by spreading investments across different markets. Key Characteristics of Conglomerates […]

Conjoint analysis is a statistical technique used in market research to understand how customers make decisions and evaluate products or services based on their features. It helps businesses determine the optimal combination of attributes that customers value the most. This method is widely employed in marketing, product development, and strategic decision-making. Key Points about Conjoint

A connected person refers to an individual or entity that has a close relationship with another party, typically in the context of business transactions and regulatory compliance. This term is crucial in accounting and finance to identify relationships that may influence financial decisions or reporting requirements. Key Points about Connected Person 1. Definition and Relationship:

A consequential-loss policy, often referred to as business interruption insurance, is a type of insurance coverage that protects businesses from financial losses incurred due to disruptions in operations caused by covered perils. These policies are designed to compensate businesses for income lost and expenses incurred during the period of disruption, allowing them to recover and

Conservatism in accounting and finance refers to a principle or approach where financial statements and accounts are prepared and presented with caution and prudence. This principle dictates that when there are uncertainties or risks in financial reporting, accountants should choose methods that result in lower profits, higher liabilities, and more conservative asset valuations. Key Points

A consignee refers to an individual or entity that receives goods or merchandise from another party, known as the consignor, with the intention to sell or distribute these goods on behalf of the consignor. The consignee does not own the goods but acts as an agent to facilitate their sale. Key Points about Consignees 1.

Consignment refers to a business arrangement where goods are sent by one party (the consignor or sender) to another (the consignee or receiver), who agrees to sell the goods on behalf of the consignor. In this arrangement, the consignee does not own the goods but acts as an agent to sell them. The consignor retains

A consignment note is a document used in transportation and logistics to record details of goods being transported from one location to another. It serves as a crucial record that accompanies the goods throughout their journey, providing essential information to various parties involved in the transportation process. Key Points about Consignment Notes 1. Definition and

A consignor is a person or entity that entrusts goods or products to another party (known as a consignee) for sale or distribution. The consignor remains the legal owner of the goods until they are sold to a customer or otherwise disposed of. This arrangement is common in various industries where inventory management and distribution

The consistency principle in accounting refers to the practice of using the same accounting methods, principles, and policies from one accounting period to another. It ensures that financial statements are comparable and reliable over time, allowing stakeholders to make meaningful comparisons and assessments of a company’s financial performance. Key Points of the Consistency Principle 1.