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A Firm Is Said to Be _____ If It Does

question 88

Multiple Choice

A firm is said to be _____ if it does not offer features that are unique enough to convince customers to buy its offerings and its prices are too high to effectively compete on based on price.


Definitions:

Common Form

A widespread or standard format or structure that is frequently used for certain documents or procedures.

Business Ownership

The legal possession or control of a business, entitling the owner to its assets, liabilities, and operational decisions.

Utility Patent

A form of intellectual property protection that covers new inventions or functional improvements to existing inventions.

Design Patent

A form of legal protection granted to the ornamental design of a functional item, preventing others from making, using, or selling the design.

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