Examlex
Digital Cookware has developed a new kind of skillet that should make cooking easier for many non-chefs.The skillet has a display on its handle that beeps to alert the cook when the pan's target temperature is reached.The skillet with the aid of an accompanying cookbook will take much of the guesswork out of cooking.Digital Cookware is a small company,and it has invested considerable money in developing this new technology,which it eventually hopes to use in an entire line of pots and pans.It has run some small ads for the new skillet in cooking magazines and been featured on some morning talk shows.It needs a quick infusion of cash to maintain its current operational level and to develop the rest of the cookware line.Digital Cookware is considering some kind of sales promotion.
-Refer to Digital Cookware.Why might rebates be a really good sales promotion for Digital Cookware to use?
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Subjected to a financial charge or levy by a governmental organization in order to fund various public expenditures.
S Corporation
A close corporation whose shareholders have elected to be taxed essentially like partners are taxed under federal income tax law. Also called subchapter S corporation.
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A partnership structure where at least one partner has unlimited liability, and at least one partner has limited liability.
Personal Liability
The responsibility of an individual to bear the financial costs associated with damages or debt from their actions or business dealings.
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