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Chapter 3

TermDefinition
Business Mode Structure upon which a business is based.
Certificate of Authenticity document attesting that an 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: Legal, exclusive right to a literary or artistic work
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 Government grant to exclusively make, use or sell a product for a specific period of time.
Survey Activities that focus on the gathering of information.
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: Kmyers27
 

 



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