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Chapter 3 Vocab

TermDefinition
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.
Franchisee Person or organization granted a franchise.
Franchise Privilege or authorization granted by an organization
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 Mark Legal restriction on the name or logo assigned to a product.
Trade show Gathering of people interested in the same product or line.
Created by: tnehrbass20
Popular Business sets

 

 



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