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BO Chapter 3

TermDefinition
Business Mode A design for the successful operation of a business, identifying revenue sources, customer base, products, and details of financing.
Certificate of Authenticity Documents that guarantee the authenticity, provenance, or originality of a product, such as a luxury item, coveted goods, or artwork
Cloning Imitating various ideas and innovations from outside the company and then modifying them to be applied in their respective companies
Competitor Other businesses who can offer the same or similar goods and services to your customers.
Copyright The legal right of the owner of intellectual property
Exclusive Rights A contract between an author and publisher that grants the publisher exclusive rights to publish, distribute, and sell the work
Franchise A type of license that grants a franchisee access to a franchisor's proprietary business knowledge, processes, and trademarks
Franchisee An individual that holds a franchise for the sale of goods or the operation of a service
Franchisers The person or corporation that owns the trade-marks and business model
Idea Creation A creative process businesses use to generate new ideas, whether they're tangible or intangible
Mega-Business A big business; business of a certain extent
Patent A right granted for an invention that is new and useful
Signage any type of graphic display that communicates a message to a target audience
Trade Show An event where companies in a particular industry gather to showcase their products and services
Trademark Any word, phrase, symbol, design, or a combination of these things that identifies your goods or services
Created by: pwood24
Popular Business sets

 

 



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