invention and innovation Flashcards
1
Q
risk
A
invention and innovation can be risky,time cosuming and expensive as many fail to make it to market. business gain a competitive advantage from invention and innovation, but some businesses choose to wait and copy creating ‘me too’ products
2
Q
patents
A
right of ownership of an invention,design or process when it is registered with the government .
3
Q
copyright
A
legal ownership of material such as books, music and films which prevent them form being copied by others
4
Q
trademarks
A
the logo, symbol and sign or other features of a product or business that cannot be copied by others
