Harvey works for ice cream dream, a company that sells commercial ice cream makers. ice cream dream normally has a gross profit percentage of 30%. harvey’s wife loves ice cream, so he decides to buy her a commercial ice cream maker for her birthday. harvey paid $650 for a machine that would have normally retailed for $1,000. what, if any, amount must be included in harvey’s gross income?

Tl & co. is following a related-linked diversification strategy, and soar inc. is following a related-constrained diversification strategy. how do the two firms differ from each other? a. soar inc. generates 70 percent of its revenues from its primary business, while tl & co. generates only 10 percent of its revenues from its primary business. b. soar inc. pursues a backward diversification strategy, while tl & co. pursues a forward diversification strategy. c. tl & co. will share fewer common competencies and resources between its various businesses when compared to soar inc. d. tl & co. pursues a differentiation strategy, and soar inc. pursues a cost-leadership strategy, to gain a competitive advantage.