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Chapter 3 vocab

TermDefinition
Business Model Structure upon which a Business is based
Certificate of Authenticity Document stating that the item is genuine
Cloning Creating an exact replica
Competitor Manufacturer or seller of a similar product in the same market
Copyright Right granted by governments that give the artist exclusive rights to an item for a certain period of time.
Exclusive rights Not having to share a market
Franchises Privilege or authorization granted by an organization
Franchisee Person or organization granted the franchise
Franchisers Person or organization that grants the franchise
Idea Creation Originating an idea
Mega-Business Very large corporation
Patent Government grant that gives the inventor exclusive rights to sell, produce, manufacture their invention for a certain amount of time
Signage Displays which convey information
Trade show Gathering of people interested in the same product or line
Trademark Legal restriction on a name or logo
Created by: elebarron27
 

 



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