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List three reasons why the demand for a product will often increase if the product is endorsed by a celebrity.
Investment
The allocation of resources, usually financial, with the expectation of generating an income or profit.
Intangible Asset
An asset that lacks physical substance, typically comprising patents, copyrights, trademarks, and goodwill.
Useful Life
The estimated time period that an asset is expected to be productive for its intended use, influencing depreciation calculations.
Fair Value
The agreed-upon price for transferring ownership of an asset or the cost to pass on a liability in a formalized exchange within the marketplace at the time of measure.
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