usinesses frequently own patents on a number of products they Businesses frequently own patents on a number of products they do not produce and sell. This is sometimes cited as evidence that businesses suppress inventions. Is it? Businesses frequently own patents on a number of products they
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Businesses frequently own patents on a number of products they
Businesses frequently own patents on a number of products they do not produce and sell. This is sometimes cited as evidence that businesses suppress inventions. Is it?
Businesses frequently own patents on a number of products they
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- OM 1. Give your opinion on why would a firm rather protect a resource through trade secret rather than by a formal patent?To some people, these are a fruit, a bird and a part of a house. To others, these are a computer, a soap and computer software. Trademarks and brand names are important part of a company’s identity. These emblems and words allow customers to quickly know what they are buying and from whom. The process of registering a trademark o brand name requires an application with the U.S patent and trademark Office. In 1999, the Trademark Law Treaty Implementation Ac (TLTIA) took effect. This law simplifies the process for obtaining a trademark. TLTIA also coordinates U.S trademark laws with those of other countries participating in this agreement. When doing business in other countries, trademarks may not be protected due to lack of enforcement. A local company may use a well-known name to attract customers. In South America, Asia, and other region , smll business owners often use he practice. Some have used names such as “macdonalds” instead of “MCDonald’s”. Or in Ethiopia, the name…What type of a business approach is an NDA (non-disclosure agreement)
- Resources that are valuable, rare, and costly to imitate can help create a competitive advantage. In many cases, firms try to “reverse-engineer” a particular feature from a competitor’s product for their own uses. It is legal to take apart publicly available products and services and try to replicate them and even develop work-arounds for relevant patents. But is it ethical? Explain your answer.Using the Internet, Find three patents that are at least three years old. What are the elements that are common across these patents? What are the differences?an interest group may support increased regulation of their own industry/field in order to prevent entry or price out competition, resulting in an increased market share True False
- Thabo Auto Parts manager also requests that you develop a software for them to automate some of their business processes. Discuss which copyrights, patent or trade secret, if any, will result from this work.You are creating a new, innovative machine for a company that you work for. The idea is new and will give your company a real competitive advantage. The owner of the company wants to copyright the machine that you are developing. You need to explain the following to the owner of the company: Q.4.4 How much protection will it provide? Q.4.5 Who owns the intellectual property relating to the machine?1. What risk can a business face due to a supplier and explain the foloowing risk control steps that a business can put in place regarding its supplier and provide examples: Identify key suppliers of goods, services Identify key markets Investigate alternative suppliers and markets Assess the vulnerability of the supplier and market to loss of assets Assess the ability of the key supplier and market to recover from loss or damage to their assets. 2. Discuss administrative costs. Provide a practical example to explain administrative costs: Clerical costs in the handling of insurance matters The cost of handling self-insured losses The cost of reporting and investigating loss occurrences The cost of an in-house risk management department The cost of a risk management broker 3. Apply the fundamental concepts included in the definition of enterprise risk management (ERM) to a business of your choosing.
- Define ‘Trade Secrets’ and explain with examples, Three(3) reasons why firms use them for protection1. What is a trade secret and how is it different from a trademark? [Please included in your discussion an analysis of how alleged violations are evaluated by courts and examples of improper behavior by competitors under each form of protection.]; 2. Give an example of a way of discovering a trade secret that is NOT considered improper or wrong and a way that someone might borrow all, or part, of a trademark and not be considered to have infringed on the trademark.The pain reliever medicine, Analgesia-T manufactured by CPC Company is a well-known analgesic that provides relief from pain and serves as a palliative to people worldwide. However, in the 1980s, several persons died after taking capsules of the well-known medicine. It was found out, that the medicines contained cyanide, a highly poisonous, white crystalline element accidentally mixed with the medicines because of factory defect. The sister company of CPC, the Jackson Company took the initiative and without delay, made steps to resolve the problem. It readily ordered the retrieval of the product from the market. Be that as it may, the company lost about $100M dollars by recalling more than 31 million bottles of Analgesia-T. The Jackson Company made all efforts to launch an information campaign in order to allay the fear of the consumers. The company ran a continuous media campaign and a toll-free customer care hotline. Millions of capsules were tested by reliable agencies and…