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Chp 3
Business Ownership
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 | Businesses that compete with other businesses |
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 | is a set of exclusive rights granted by a sovereign state to an inventor or assignee for a limited period of time in exchange for detailed public disclosure of an invention. |
Signage | signs collectively, especially commercial or public display signs |
Trade Show | exhibition or expo) is an exhibition organized so that companies in a specific industry can showcase and demonstrate their latest products, service |
Trademark | is any word, name, symbol, or design, or any combination thereof, used in commerce to identify and distinguish the goods of one manufacturer or seller from those of another |