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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 |