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Chapter 3 Vocab

Business Ownership 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.
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 A Federal government grant in which an inventor is given the exclusive right to manufacture, produce, or sell the invention for a specified time period.
Signage Displays which convey information.
Trade Show Gathering of people interested in the same product or line.
Trademark A distinct marking, motto, or device that is stamped, printed or otherwise affixed by a manufacturer to its products so they can be identifiedmas the origin or manufacturer of the product.
Created by: Sbowers26
 

 



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