ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

ENTREPRENEURIAL PROCESS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Will a patent or trademark be required?
A
discovery
B
concept development
C
resourcing
D
actualization
E
harvesting
Explanation: 

Detailed explanation-1: -A patent offers protection for the product while allowing the design to acquire secondary meaning that identifies product with source. Combining patent and trademark rights provides long-term property protection on product design maximizing a businesses return on investment dollars.

Detailed explanation-2: -The patent holder is the only person entitled to make the product, use the process, or exploit the invention, and to realise the economic benefits from the product, process or invention. A patent protects your innovation from competitors who may want to copy or reverse-engineer your product, process or invention.

There is 1 question to complete.