Which of the following applies to Intellectual Property law?

Question 1 options:

a)

that are high provide good opportunities for new partners or suppliers to enter this market (picture).

b)

in consumer markets can be high due to investments that partners make in matching buying and ordering.

c)

can be kept lower by utilizing a sole supplier.

d)

are more important for businesses, than for consumer buyers, due to the close buyer-seller relationships that develop.

e)

that are kept high are a good long-term tactic to keep buyers locked into poor quality service.

Question 2 (3 points)

Which of the following applies to Intellectual Property law?

Question 2 options:

a)

copyrights provide protection for trade secrets.

b)

copyrights provide protection for the original works of authors, musicians, and photographers.

c)

confidentiality agreements are only required for customers.

d)

requires a substantiality test to gain property protection.

e)

tends to reduce competition and decrease innovation.

Question 3 (3 points)

Business buyers are similar to final consumers in that:

Question 3 options:

a)

They purchase products and services that support the production of other products.

b)

Ensuring that revenues exceed costs always the primaryconsideration when evaluating a product for purchase.

c)

They purchase products to add to and make their own final product

d)

Customer satisfaction is determined by the customer when the product or service is consumed.

e)

Products purchased are often incorporated into the buying organization’s offering to its own customers.

Question 4 (3 points)

Based on the Endries Fastener Company video, the goal of the President of Endries Supply Company was to  __________________________.

Question 4 options:

a)

save their customers at least 4% of the cost of their fasteners.

b)

not get involved in Endries’ customers’ buying decisions until the Deliver Solution Stage

c)

be the sole supplier of all the fastener needs of Endries’ customers by getting involved all the way through their manufacturing processes.

d)

be the number two fastener provider for the U. S. Department of Defense.

e)

be the number one fastener provider for the women’s fashion industry.

Question 5 (3 points)

A good example of Natural Law is ______________?

Question 5 options: