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bus chapter 3 vocab

QuestionAnswer
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: 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: 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 identified as the origin or manufacturer of the product.
 

 



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