Modeling a Business

These symbols tells you the trademark is protected by a federal registration

• Copyright

• Creative Commons

• Trademark

• Patent

AN exclusive right granted for an invention, which is a product or a process that provides a new way of doing something.

• Copyright

• Trademark

• Copyleft

• Patent

• Copyright

• Trademark

• Copyleft

• Patent

______________is a word, phrase, symbol, and/or design that identifies and distinguishes the source of the goods of one party from those of others.

• Service Mark

• Trademark

• Patent

• Copyright

What are variable expenses?

• Irregular expenses that change from week to week or month to month

• The amount of money in your bank account

• Costs that do not fluctuate from week to week or month to month

• The amount of cash in your purse/wallet

What are fixed expenses?

• Irregular expenses that change from week to week or month to month

• The amount of money in your bank account

• The amount of cash in your purse or wallet

• Expenses that stay the same from week to week or month to month

A variable expense differs from a fixed expense because...

• it stays the same

• they are the same

• it changes

Which of the following is an example of a fixed expense?

• delivery expenses

• labor

• insurance

• materials

Which of the following is an example of a variable expense?

• salaries

• labor

• rent

• interest

Which of the following is the best definition of REVENUE?

• The total amount of income a business makes from selling products or services
• The amount of money a business has LEFT over after paying for their costs.
• The total amount of money a business spends.
• The amount of money a business loses every month.