Domain 1 Lesson 2: Entrepreneurship Concepts

A legal protection for original works of authorship, such as books, music, and art.

A legal protection for inventions that grants the inventor exclusive rights to use, sell, or make their invention.

A symbol, design, or phrase that identifies and distinguishes a company's goods or services from those of others.

A type of intellectual property that protects confidential information that gives a business a competitive edge.

An agreement that allows someone to use another's intellectual property (like a trademark or patent) for a fee.

A payment made to the owner of a patent for each unit produced or sold of the patented invention.

A legal agreement that binds an employee to keep confidential information secret.

A legal document signed by an employee that prohibits them from disclosing or using confidential information.

This type of business opportunity involves acquiring a license to operate a business using an established brand name.

The process of evaluating whether a business idea is likely to succeed and be profitable.

This business opportunity involves selling products or services through a network of independent distributors, often using multi-level marketing strategies.

This is a crucial factor in business viability that involves analyzing the demand for the product or service in the target market.

This factor involves the ability to secure funding, manage cash flow, and make sound financial decisions to support the business.

This factor involves having the necessary skills and experience to manage employees, operations, and the overall business.

This factor involves building and cultivating relationships with experienced professionals who can provide guidance, support, and resources.

This factor involves the entrepreneur's passion and dedication to their business idea, as it can help them overcome challenges and setbacks.

Protecting the original creative work of an author. This covers things like books, music, and artwork.

A legal right granted to an inventor for an invention. It gives exclusive control over the invention for a specific period.

A unique symbol, design, or phrase that identifies and distinguishes a company's products or services.

Protecting confidential information that provides a competitive edge to a business. This could be a recipe, formula, or customer list.

A legal agreement that allows someone to use someone else's intellectual property, like a trademark or patent, for a fee.