Lynn transfers property (basis of $225,000 and fair market value of $300,000) to condor corporation in exchange for § 1244 stock. the transfer qualifies as a nontaxable exchange under § 351. in the current year, lynn sells the condor stock for $100,000. assume lynn files a joint return with her husband, ricky. with respect to the sale, lynn has:

Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.

Which of these is an example of innovation?