Josiah Has Developed an Avalanche Safety Kit That Includes a Small

question 3

Essay

Josiah has developed an avalanche safety kit that includes a small but powerful locator beacon. When he developed and researched the idea, he found other kits on the market but his business analysis revealed a less expensive way of producing the kits. How should he proceed?

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Definitions:

Tax Rate

The percentage at which an individual or entity is taxed on their income or property.

Employee Stock Ownership Plans

Retirement plans designed to give employees ownership interest in the company by allowing them to acquire stock, contributing to company success and employee benefit.

Tax Advantages

Financial benefits derived from specific tax laws or regulations that reduce the amount of tax payable to federal or state governments.

Risk-Free Retirement

A concept of planning for retirement in a way that minimizes exposure to financial risks and uncertainties.