Chapter 4 Presentation 2


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Chapter 4 Presentation 2

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