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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.
Franchise: Privilege or authorization granted by an organization
Franchi see: Compensation for the privilege or authorization.
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: signs collectively, especially commercial or public display signs:
Trade Show Gathering of people interested in the same product or line.
Trademark: Legal restriction on the name or logo assigned to a product
Created by: ghardman29
 

 



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