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 proo... 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
One benefit of a patent is that it provides legal proof of ownership. This means that the patent holder can establish their rights over the invention or process, which is crucial for protecting creativity and innovation.
Step 2
E prevents other businesses from using the brand name
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Answer
Another benefit is that a patent prevents other businesses from using the patented invention or design without permission. This exclusivity allows the patent holder to capitalize on their innovation and maintain a competitive edge in the market.
