EQUITY METHOD is a method of accounting for investments in associated companies.
LRIC is an acronym for Long Run Incremental Cost. A service costing methodology used primarily in the telecommunications industry.
BUYERS MARKET is where the quantity of goods for sale exceeds the amount consumers are willing and able to buy at the current market price. It is characterized by low prices. For example, a market condition that occurs in real estate where more homes are for sale than there are interested buyers.
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