The owners of WedgeWelly needed to protect their design by using a patent - Edexcel - GCSE Business - Question 14 - 2016 - Paper 1
Question 14
The owners of WedgeWelly needed to protect their design by using a patent.
What are two possible benefits of a patent?
A patent:
Select two answers.
A. provides ... show full transcript
Worked Solution & Example Answer:The owners of WedgeWelly needed to protect their design by using a patent - Edexcel - GCSE Business - Question 14 - 2016 - Paper 1
Step 1
A. provides proof of ownership of an invention or process
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Answer
This benefit highlights that a patent serves as legal documentation showing that the patent holder is the rightful owner of a specific invention or process. This proof can deter unauthorized use and strengthen the inventor's position in potential disputes.
Step 2
C. establishes sole rights to the use of a product
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Answer
Holding a patent grants the inventor exclusive rights to produce, use, and sell the patented product. This exclusivity allows for potential market advantages and encourages innovation by protecting the inventor's interests.
