Business Studies Multiple Choice Question – 16 October 2019

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Lucy started a business called StaffordWelly. It makes boots with a high heel to appeal to women and festival-goers.

Lucy wanted to expand StaffordWelly but needed additional capital. They appeared on the television programme SharkTank.

Lucy needed to protect her design by using a patent. What is a possible benefit of a patent?
A patent ………

 

Select ONE answer:

  1. Is an insurance policy that provides protection for 20 years
  2. Prevents other businesses from using the brand name
  3. Establishes sole rights to the use of a product
  4. Ensures that a business will not make any losses

 

Show the workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 3 – the other answers would not necessarily be a possible benefit of a patent.

 

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