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Bus. Owner Chapter 3
Vocab
Term | Definition |
---|---|
Business Model | Structure upon which a business is based. |
Certificate of Authenticity | Document attesting that the item is genuine. |
Cloning | Creating an exact replica. |
Competitor | Manufacturer or seller of a product or service that is sold in the same market as that of another manufacturer. |
Copyright | Right granted by the government or by law for an author, playwright, composer, song- writer and certain others to exclusively publish, print or sell his product for a specified time period. |
Exclusive Rights | Not having to share a market. |
Franchise | Privilege or authorization granted by an organization. |
Franchisee | Person or organization granted a franchise. |
Franchisers | Person or organization that grants a franchise. |
Idea Creation | Originating an idea. |
Mega-Business | Very large business. |
Patent | Government grant to exclusively make, use or sell a product for a specific period of time. |
Signage | Displays which convey information. |
Trade Show | Gathering of people interested in the same product or line. |
Trademark | Legal restriction on the name or logo assigned to a product. |