Exam 15: New Product Development

Patents cannot be obtained for

wholesaler is not a type of distribution channel.

A trademark is

In the consumer goods industry the typical flow of goods would be as follows:

When retailers charge a fee for carrying new products this is called a

companies are less bureaucratic and can react quickly to market changes.

One of the biggest weaknesses of small businesses in developing new products is

When products are produced by a large number of small businesses it is common for the industry to use

If an entrepreneur develops a new product, but does not have the time or the funds to manufacture and distribute the product, the entrepreneur could benefit from a

Which of the following is true?

Self-employed individuals who sell others' products to wholesalers or retailers are called

A patent granted for any new useful process, machine, article of manufacture or useful improvements is known as a(n)

Legal protection for information that cannot be patented, copyrighted, or trademarked may be obtained through

year, more than 5,000 entrepreneurs are successful in licensing a product.

Literary, dramatic, and musical works are protected by

A trademark is granted when the

A successful new product or service must

There are many ways to brainstorm to create new products. Which of the following is not one of those ways?

A design patent is granted for unique works of art.

patent is a grant of a property right.