Colin O'Dowd Chapter 4 p2

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Information about Colin O'Dowd Chapter 4 p2

Published on February 20, 2009

Author: odowdc

Source: slideshare.net

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Colin O'Dowd Chapter 4p.2

Colin O’Dowd Chapter 4, Part 2

Patents Gives the inventor the sole right to make, use, or sell the item for 17 years. Because nobody an steal their product and they can trademark it and copyright it. The IPod Patent was in 1979.

Gives the inventor the sole right to make, use, or sell the item for 17 years. Because nobody an steal their product and they can trademark it and copyright it.

The IPod Patent was in 1979.

Copyright Copyright protects the creative work of authors, composers, and artists. It is important so that nobody can steal your ideas or work.

Copyright protects the creative work of authors, composers, and artists.

It is important so that nobody can steal your ideas or work.

Trademark A trademark is a word, letter, or symbol linked with a specific company or product. McDonalds trademark is the M Nike trademark is the Nike Tick American Eagles trademark is an eagle

A trademark is a word, letter, or symbol linked with a specific company or product.

McDonalds trademark is the M

Nike trademark is the Nike Tick

American Eagles trademark is an eagle

Monopoly A monopoly exists when a business has control of the market for a product or service. It is bad for business because all of the consumers will buy products from this business and nobody else’s. Microsoft is a near monopoly today.

A monopoly exists when a business has control of the market for a product or service.

It is bad for business because all of the consumers will buy products from this business and nobody else’s.

Microsoft is a near monopoly today.

Tax Rates Income taxes are levied on the income of individuals. Income taxes are taken out of peoples personal incomes. The tax rate depends on the persons income.

Income taxes are levied on the income of individuals. Income taxes are taken out of peoples personal incomes.

The tax rate depends on the persons income.

Property Taxes A major source of revenue for local governments is the real estate property tax. This tax is based on the value of land and buildings.

A major source of revenue for local governments is the real estate property tax. This tax is based on the value of land and buildings.

Sales Tax Sales tax is a state or local tax on goods and services that is collected by the seller.

Sales tax is a state or local tax on goods and services that is collected by the seller.

Gift Tax A tax imposed on transfers of property by gift during the lifetime of the giver

A tax imposed on transfers of property by gift during the lifetime of the giver

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