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Free Enterprise System

Authored by Melissa Porath

Business

10th Grade

Used 23+ times

Free Enterprise  System
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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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