CROSSWORD PUZZLE

1. This stage is a result of lower demand, which ultimately results from new inventions and technological advancements.
5. Factors that can prevent or impede newcomers to a market or industry sector.
6. It refers to the creation of the mind such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.
7. The Competitive Advantage of Nations is also known as ____________.
10. refers to a property of goods or services where consumption by one individual reduces their availability or quality for others.
11. the stages of the product life cycle where pricing becomes competitive.
13. a key legal tool for protecting intellectual property rights that can be used for licensing.
15. In Geert-Hofstede model, it describes as the degree of interdependence of the members of society.

2. It refers to the ability of the country or company to offer greater value to customers.
3. Skimming Charges an initial high price and gradually reduce the price as the market grows.
4. The series of stages through which a living thing passes from the beginning of its life until its death.
8. He developed the life cycle theory.
9. describes or defines a product and the source of the product but not the nature of the product.
12. In this stage of business, the main goal is to gain widespread product awareness and brand recognition as consumers try the product.
14. The goal is to encourage the creation of new works while also allowing for the free exchange of ideas.