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As Your Firm Grows, You May Decide to Form a Corporation.You

question 92

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As your firm grows, you may decide to form a corporation.You may incorporate your firm federally, under the Canadian Business Corporation Act, or provincially, under the relevant provincial laws.


Definitions:

Celebrity Advertising

A marketing strategy that uses the fame of a celebrity to promote products or services.

Inferior Product Quality

Products that fail to meet acceptable standards or expectations in terms of performance, durability, or reliability.

Advertising

The action of calling public attention to products, services, or events, mainly through paid announcements in various media.

Market Power

A term describing the ability of a firm or group of firms to manipulate the price or quantity of goods and services in a market, due to a lack of competition.

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