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chapter 7
| Question | Answer |
|---|---|
| Monopoly | exist when competitionis lacking for a product or service , or when producers are in a position to control the supply and price of goods or services. |
| Price Discrimination | setting different prices for different customers |
| False Advertising | advertising that is misleading in a material respect or in a way that could influence the customer's purchase or use of the product |
| Bankruptcy | A legal process that allows selling assets to pay off debts |
| Patent | an agreement in which the federal government gives an inventor the sole right for 20 years to make, use and sell an invention |
| Copyright | similiar to a patient in that the federal government gives an author the sole right to repoduce publish, and sell literary or author plus 70 years |
| Trademark | a distinguishing name, symbol, or special mark placed on a good or service that is legally reserved for the sole use of the owner |
| Information Liabilities | responsibility for physical or economic injury arising from incorrect data or wrongful use of data |
| Cookies | files of information about the user that some Web sites create abd store on the user's own computer |
| Interstate Comerse | buisness operations and trasactions that cross over state lines |
| Intrastate Comerse | buisness transacted within a state |
| Licensing | a way to limit and control those who plan to enter cetain types of buisness |
| Public Franchise | a contract that permits a person or organization to use public property for private profit. |
| Building Codes | codes that regulate physical features or structures |
| Zoning | regulations that specify which land areas may be used for homes and which areas may be used for different types of buisnesses |
Created by:
sheylagonzalez
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