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Steps in the patent process include ________.

A creditor’s claim against an asset is referred to as lien.

Entrepreneurs tend to be overly ________ and commonly misjudge the ________ requirements of going into business.

A new owner of an existing business can generally introduce change and innovation almost as easily as if the company were a new business because employees and customers expect change in business practice when there is a change in ownership.

Any distinctive word, phrase, symbol, name, or logo a firm uses to distinguish itself or its products is called a ________.

Which of the following question(s) should you consider before entering a lawsuit to protect intellectual property?

A prospective buyer should have an attorney thoroughly investigate all of the assets for sale in a business and their lien status before buying any business.

A firm’s strategy must focus on establishing for the firm the key success factors the entrepreneur has identified for the industry.

Time out of cash is one of the four major elements included in a financial feasibility analysis.

For the question(s) below, consider the following competitive profile matrix: Competitive Profile Matrix Key Success Factors Your Business Weighted Competitor 1 Weighted Competitor 2 Weighted Weight Rating Score Rating Score Rating Score Quality .35 4 1.40 2 .70 1 .35 Service .20 4 .80 2 .40 2 .40 Convenience .15 2 .30 4 .60 1 .45 On-Time Delivery .20 2 .40 4 .80 3 .60 Location .10 3 .30 1 .10 2 .20 Total 1.00 3.20 2.60 1.70 In terms of quality, which company has the weakest competitive position?