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Marimar Chapter 7

chapter 7 vocabulary ;

QuestionAnswer
MonopoLy Exists when competition is lackinq for a product or service, or when producers are in position to control the suppLy and price of goods or services.
Price Discrimination Settinq different prices for different customers.
FaLse Advertisinq Advertisinq that is misLeadinq in a materiaL respect or in any way that couLd infLuence the customer's purchase or use of the product.
Bankruptcy A legaL process that alLows selLinq assets to pay off debts.
Patent An aqreement in which the federaL goverment qives an inventor the soLe riqht for 20 years to make, use, and sell an invention.
Copyright SimiLar to a patent in that the federal government gives an author the soLe riqht to reproduce, pubLish, and selL literary or artistic work for the life of the author pLus 70 years.
Trademark A distinguishinq name, symboL, or speciaL mark pLaced on a good or service that is legalLy reserved for the soLe use of the owner.
Information LiabiLity ResponsibiLity for physicaL or economic injury arisinq from incorrect data or wrongfuL use of data.
Cookies FiLes of information about the user that some Web sites create and store of the user's own computer.
Interstate Commerce Business operations and transections that cross over state lines.
Intrastate Commerce Business transected within a state.
Licensing A way to limit and controL those who pLan to enter certain types of businesses.
PubLic Franchise A contract that permits a person or orqanization to use pubLic property for private profit.
BuiLdinq Codes Codes that reguLate physical features of structures.
Zoning ReguLations that specify which land areas may be used for homes and which areas may be used for different types of businesses.
Created by: pinks3 on 2011-12-12



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