ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

ENTREPRENEURIAL PROCESS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Investigating patents for the business idea
A
Discovery
B
Concept Development
C
Actualization
D
Resourcing
Explanation: 

Detailed explanation-1: -Under U.S. law, you cannot patent an idea. Understanding how the law differentiates ideas from inventions is a great way to learn some of the core tenants of patent law. by Joe Runge, Esq. The simple answer is no-you cannot patent an idea for an invention.

Detailed explanation-2: -Patent information analysis makes it possible to map out the trend of technological change and the life cycle of a technology – growth, development, maturity and decline. It will also identify the competitors’ technological assets, as well as the problems and solutions in the development of a particular technology.

Detailed explanation-3: -A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem. To get a patent, technical information about the invention must be disclosed to the public in a patent application.

There is 1 question to complete.