ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

CHARACTERISTICS OF AN ENTREPRENEUR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How are copyrights, trademarks, and patents classified?
A
Contracts between business partners
B
Investment sources for the entrepreneur
C
Legal protection for the entrepreneur
D
Permits for the new business
Explanation: 

Detailed explanation-1: -A patent protects new inventions, processes, or scientific creations, a trademark protects brands, logos, and slogans, and a copyright protects original works of authorship.

Detailed explanation-2: -Trademarks, patents, and copyrights are different types of intellectual property.

Detailed explanation-3: -Answer: Copyrights and patents are important for the entrepreneurs as these are his intellectual property rights, and it is crucial for him to protect his assets so that other businesses cannot benefit from those as owners. Explanation: Patents are important as these protect new chemicals, processes, and machinery.

Detailed explanation-4: -Patent, copyright and trademark law all fall under the umbrella of intellectual property, which protects different elements of your business, such as your name, logo and inventions.

Detailed explanation-5: -Patents, trademarks, copyrights, and trade secrets are valuable assets of the company and understanding how they work and how they are created is critical to knowing how to protect them.

There is 1 question to complete.