Vocab 93 Flashcards
laws that prevent monopolies and promote competition and fairness
antitrust laws
rules about how businesses and their employees ought to behave
business ethics
set of rules for guiding the action of employees or members of an organization
code of ethics
agreement to exchange goods or services for something of value
contract
protection of the creative work of authors, composers, or artists
copyright
principles of morality or rules of conduct
ethics
when a business has control of the market for a product or service
monopoly
natural resource that cannot be replaced when it is used up
non-renewable resources
exclusive right of an inventor to make, sell, and use a product or process
patent
organization that supplies a service or product vital to all people including companies that provide local telephone service, water, and electricity
public utility
duty of a business to contribute to the well-being of a community
social responsibility
distinctive name, symbol, word, picture, or combination of these that a company uses to identify products or services
trademark
