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A patent grants exclusive rights to an inventor, preventing others from copying or improving upon their invention, which is valuable for entrepreneurs. Copyright in the Philippines protects the owner's work from unauthorized use, allowing them to take legal action against infringers. Trademarks are distinctive identifiers for products, while generic names are not trademarkable as they do not differentiate products; market research is essential for entrepreneurs to understand their target audience and develop effective competition strategies, including using social media for promotion.

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10 views3 pages

Activity 4

A patent grants exclusive rights to an inventor, preventing others from copying or improving upon their invention, which is valuable for entrepreneurs. Copyright in the Philippines protects the owner's work from unauthorized use, allowing them to take legal action against infringers. Trademarks are distinctive identifiers for products, while generic names are not trademarkable as they do not differentiate products; market research is essential for entrepreneurs to understand their target audience and develop effective competition strategies, including using social media for promotion.

Uploaded by

carpiomelody52
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1) In your own words, what is a patent? Of what value is a patent to an entrepreneur?

What
benefits does it provide?

 A patent gives the owner exclusive rights to hold, if you are an entrepreneur and
come up with a new product, once you have patented it, no one can copy your
invention. It also allows you to prevent competitors from improving and using on
your work.

2) Here in the Philippines, what protection does a copyright protect the owner? Can any of the
individual's work copied without paying a fee? Is there any violation, legal action or penalty
for those who will be caught? Please explain in detailed.

 The owner's copyright protection ensures that his invention cannot be used or copied
in the future. Furthermore, if someone attempts to use the work for their own
purposes, the person who owns the copyright can sue the person who attempted to
copy.
3) For you what is Trademark? Why are generic or descriptive names or words not given
trademarks?

 A trademark, in my opinion, is one that so impresses consumers that they


immediately think of your product when they see or read it. Generic words cannot be
considered trademarks because they will not be imprinted in people's minds to
differentiate them from other products. An example of trademark is "bida ang saya,"
is Jollibee's trademark, and when you hear that phrase, you immediately think of
Jollibee.

4) How will you define the market? Why is important to conduct a market research when
entering in the market for the entrepreneurs?

 In entrepreneurship, the market is the people to whom you sell the market. It is
critical to conduct market research because this is where you will learn what you
should do once you begin your entrepreneurial journey.
5) As an entrepreneur, how you will compete in the market? What are your strategies, tactics or
techniques to compete in the market?
 To compete in the market, I plan to use social media platforms such as TikTok to
promote my product.

6) If you have a business, How will you promote or advertise your products or services in the
market?
 It is not always easy to promote your product, for me I will use social media to
promote it. I understand that social media promotion is difficult, but because
everyone in our generation uses social media, it is possible to reach a large number of
people.

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