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Chapter 4 Presentation 2
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Chapter 4 Presentation 2

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Transcript

  • 1. Avery Trendel Block 3
  • 2.
    • A patent is something that gives the inventor of a product the sole right to make, use, or sell the item for 17 years.
    Patent of a Basketball
  • 3.
    • A copyright protects the creative work of authors, composers, and artists.
  • 4.
    • A trademark is a word, letter, or symbol linked with a specific company or product.
    • Examples of trademarks are…
    • McDonald’s golden arches
    • Nike Swoosh
    • The Apple Logo
  • 5.
    • A monopoly exists when a business has control of the market for a product or service.
    • It is bad for business because the business could charge high prices for a low quality product
    • The NFL has a monopoly on American Football.
  • 6.
    • The US tax rate on personal income is somewhere between 15 and 25% for me, but it varies depending on people’s income.
  • 7.
    • This tax is based on the value of land and buildings.
  • 8.
    • Sales tax is a state or local tax on goods and services that is collected by the seller.
  • 9.
    • A gift tax is the tax on money or property that one living person gives to another

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