Manna Company is a processor of cereals. The company purchased new equipment that will process cereal twice as fast as the old equipment. Thus, increasing the annual profit by over 20%.   Which of these is NOT a characteristic of the new equipment. a.    None of the those listed. b.      The right of ownership must accrue to a specific individual or firm. c.     The economic benefit must be the result of past transactions or events. d.      There is no potential or rights to future benefits.

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.