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Keeping a Product Generic as Long as Possible Before Customizing

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Keeping a product generic as long as possible before customizing is known as


Definitions:

Tax Advantages

Financial benefits derived from tax laws, which reduce the tax liability of an individual or business.

Limited-Liability

This is a legal status that prevents a company's shareholders from being personally liable for the company's debts or liabilities beyond their investment in the company.

Articles of Incorporation

Legal documents filed with a governmental body to legally document the creation of a corporation.

State

A political entity with a centralized government that has sovereignty over a geographic area.

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