Invention And Innovation - Unit 1 Flashcards
1
Q
Invention and innovation are risky because they can be… (3)
A
- Expensive
- Time consuming
- Fail to make it to market
2
Q
What is inventing?
A
Identifying new products and new ways of making products
3
Q
Businesses can gain a _________ advantage.
A
Competitive
4
Q
What are the 3 pays you can protect business ideas?
A
- Patent
- Copyright
- Trademarks
5
Q
What is a patent?
A
Right of ownership of an invention, design or process when it is registered with the government.
6
Q
What is copyright?
A
Legal ownership of material such as books, music and films which prevent these being copied by others.
7
Q
What is a trade mark?
A
The logo, symbol, sign, or other features of a product or business that cannot be copied by others.
