In your own words, what is a patent? Of what value is a patent to an entrepreneur? What benefits does it provide?
Answer to relevant QuestionsWhat are four basic rules entrepreneurs should remember about securing a patent?What is the nature of an S corporation? List five requirements for such a corporation.What is a limited liability company?Discuss some of the entrepreneurial tactics in market research that are accomplished with limited resources.How would an entrepreneur’s new-venture strategy differ under each of the following marketing philosophies: production-driven, sales-driven, consumer-driven?
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