generating and protecting ideas worksheet by presentinggamekind

VIEWS: 7 PAGES: 2

									                                                                          Group 1


                                                                         Key terms



What is meant by the term ‘trademark’?

..................................................................................................................................................................

..................................................................................................................................................................

..................................................................................................................................................................

..................................................................................................................................................................

What is meant by the term ‘transformation’?

..................................................................................................................................................................

..................................................................................................................................................................

..................................................................................................................................................................

..................................................................................................................................................................

What is meant by the term ‘stratified sample’?

..................................................................................................................................................................

..................................................................................................................................................................

..................................................................................................................................................................

..................................................................................................................................................................

What is meant by the term ‘income budget’?

..................................................................................................................................................................

..................................................................................................................................................................

..................................................................................................................................................................

..................................................................................................................................................................

What is meant by the term ‘market niche’?

..................................................................................................................................................................

..................................................................................................................................................................

..................................................................................................................................................................

..................................................................................................................................................................
                                               Group 1


   Advantages of operating in a niche market                          Disadvantages
                  (at least 5)                                          (at least 5)




Advantages of applying for intellectual property                      Disadvantages
                 protection                                             (at least 2)
                 (at least 2)




Calculation:

A business buys in raw materials at a cost of £5,600. They spend £2,300 transforming the materials
into finished products and then sell them on to a national chain of stores for £12,500. Calculate the
added value.




Why is added value important to a new business?

								
To top