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Marimar Chapter 7
chapter 7 vocabulary ;
| Question | Answer |
|---|---|
| MonopoLy | Exists when competition is lackinq for a product or service, or when producers are in position to control the suppLy and price of goods or services. |
| Price Discrimination | Settinq different prices for different customers. |
| FaLse Advertisinq | Advertisinq that is misLeadinq in a materiaL respect or in any way that couLd infLuence the customer's purchase or use of the product. |
| Bankruptcy | A legaL process that alLows selLinq assets to pay off debts. |
| Patent | An aqreement in which the federaL goverment qives an inventor the soLe riqht for 20 years to make, use, and sell an invention. |
| Copyright | SimiLar to a patent in that the federal government gives an author the soLe riqht to reproduce, pubLish, and selL literary or artistic work for the life of the author pLus 70 years. |
| Trademark | A distinguishinq name, symboL, or speciaL mark pLaced on a good or service that is legalLy reserved for the soLe use of the owner. |
| Information LiabiLity | ResponsibiLity for physicaL or economic injury arisinq from incorrect data or wrongfuL use of data. |
| Cookies | FiLes of information about the user that some Web sites create and store of the user's own computer. |
| Interstate Commerce | Business operations and transections that cross over state lines. |
| Intrastate Commerce | Business transected within a state. |
| Licensing | A way to limit and controL those who pLan to enter certain types of businesses. |
| PubLic Franchise | A contract that permits a person or orqanization to use pubLic property for private profit. |
| BuiLdinq Codes | Codes that reguLate physical features of structures. |
| Zoning | ReguLations that specify which land areas may be used for homes and which areas may be used for different types of businesses. |
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