Discuss How Technological Advance Can Increase Revenues with New Product

question 81

Essay

Discuss how technological advance can increase revenues with new product demand.

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Definitions:

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction, often in different jurisdictions.

Corporation

A legal entity that is separate and distinct from its owners, capable of owning property, entering into contracts, and being sued or suing.

Shareholders

Individuals or entities that own shares in a corporation, giving them certain rights such as voting on corporate matters.

Unlimited Personal Liability

A legal obligation where an individual can be held personally responsible for the debts and obligations of a business entity without any limit on the amount.