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BO Chapter 3

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 Legal restriction on the name or logo assigned to a product.
Created by: gcapitano281
 

 



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