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Buisness Vocab

Buisness

QuestionAnswer
monopoly when one company provides a product or service without competition from other companies.
price descrimination setting different prices for different customers.
false advertising advertising that is misleading in some important way.
bankruptcy legal process that allows the selling of assets to pay off debts.
patent an agreement with the federal government gives an inventor sole right for 20 years to make, use, and sell am invention or process.
copyright gives an author sole right to reproduce, publish, and sell liteary or artistic work for the life of an author plus 70 years.
trademark a distinguishing name, symbol, or special mark placed on a good service that is legally reserved
information liability the responsiblity for physical or economic injury arising from incorrect data or wrongful use of data.
cookies are files of information about the user that some web sites create and store on the user's own computer.
Interstate commerce buisness operations and transactions that take place across state lines.
Intrastate commerce buisness transacted within state lines
licensing way to limit and control those who plan to enter a certain types of buisnesses.
public franchise a contract that permits a person or organization to use public property for private profit
building codes control of physical features of structures.
zoning specification of which land areas may be used for homes and which areas may be used for different types of buisness.
Created by: Timay
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