Tortoso Free Enterprise

T or F: America operates as a completely free enterprise system

Which is not a service provided by the US government?

Unique word, mark, symbol that identifies a product 

Who decides what businesses will survive and what prices will be charged for goods sold?

Which is not a way the gov't is a regulator?

Which is not a way the gov't serves as a regulator?

When a company wants to use another's name, symbol, or product

Which one is not a characteristic of a free enterprise system?

Grants the exclusive right to make, use, and sell a product or process

Which is not a part of intellectual property?

The most basic principle of free enterprise is...

Which is not a way the US gov't is a competitor?

When there is no competition because 1 firm controls the market

Last for the lifetime of thecreator + 70 years

Unique word, mark, or symbol that identifies a service

This happens when demand exceeds supply?

The struggle between companies for customers 

When businesses focus on price at which products are sold

Consumer willingness and ability to buy products

Which is not an outcome of competition?

T or F: Initially, as theprice rises so does the quantity supplied

Goodfor 20 years and cannot be renewed

—unauthorized copying, sale,display, or performance of the work

Amount of product being supplied equals the amount being demanded

Which is not a way the US gov't support businesses?

The amount of goods producers are willing to make and sell

Moneyearned after all costs and expenses have been paid

When supply exceeds demand

When businesses focus on product quality, customer service, reputation, etc.

Protects an artists, author or composer from other people copying their works