Free Enterprise System
Authored by Melissa Porath
Business
10th Grade
Used 23+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Encourages individuals to start and operate their own business in a competitive system without government involvement.
Free
Freedom of Ownership
Patent
Trademark
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Invention, you alone own the rights to that item or idea for 20 years
Copyright
Trademark
Patent
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Word, name, symbol, sound, or color that identifies a good or service and that cannot be used by anyone but the owner.
Trademark
Patent
Copyright
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Essential party of a free enterprise system-one of the means by which the free enterprise system functions to benefit consumers.
Competition
Freedom of Ownership
Trademark
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Focuses on the sale price of a product.
Nonprice competiton
Price competition
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Compete on factors not related to price
Price competition
Nonprice Competition
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Examples of factors related to nonprice competition
Quality
Service
location
reputation
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