FILL IN THE BLANK is standardized equipment used in a firm's production or office activities and is usually purchased routinely with less negotiation.

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Standard equipment used in a company's production or office operations is known as accessory equipment, and it is typically purchased routinely with less negotiation.

What is the term for a situation in which a new product must be purchased?

A situation that necessitates the purchase of a product for the very first time is known as a new buy.

What distinguishes accessory equipment from major equipment?

Major apparatus:To make, process, or sell other products, businesses use important equipment.Computers and tractors are two examples of this.Accessories and tools:Although they are a part of the production process, these products typically cost less than major equipment.

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