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chapter 7

QuestionAnswer
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
Popular Business sets

 

 



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