I still do not see what group/herd psychology and revenue investment strategy has to do with accountancy? Was your economics degree from Cambridge a BA or Bsc? Good luck with the 180 career change to accountancy.
Hang on, you're moving the goalposts. What happened to economies of scale? As I originally said, the revenue investment strategy is relevant to the secondary victims of your 'victimless crime' - the shareholders are the first victims due to their reduced profit on account of lower revenue without commensurately reduced costs.
It's an MA
I'm not an accountant, as explained upthread.
Hang on, you're moving the goalposts. What happened to economies of scale? As I originally said, the revenue investment strategy is relevant to the secondary victims of your 'victimless crime' - the shareholders are the first victims due to their reduced profit on account of lower revenue without commensurately reduced costs.
It's an MA
I'm not an accountant, as explained upthread.