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The owners of WedgeWelly needed to protect their design by using a patent - Edexcel - GCSE Business - Question 14 - 2016 - Paper 1

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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

provides proof of ownership of an invention or process

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Answer

A patent establishes legal recognition of ownership, ensuring inventors have official documentation to prove their rights over their inventions.

Step 2

establishes sole rights to the use of a product

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104 rated

Answer

A patent allows the holder exclusive rights to utilize, make, and sell the patented product, effectively preventing others from exploiting the same idea without permission.

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