1. 3. the state of being responsible for something, especially by law.
  2. 4. A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem.
  3. 9. is an organization whose purpose is something other than making a profit.
  4. 11. an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.
  5. 12. a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.
  6. 14. is the simplest and most common structure chosen to start a business.
  7. 15. a useful or valuable thing, person, or quality.
  8. 18. is a type of monopoly that exists as a result of the high fixed costs or startup costs of operating a business in a specific industry.
  9. 20. the goods or merchandise kept on the premises of a business or warehouse and available for sale or distribution.
  1. 1. Share of earnings given to a franchise as payment.
  2. 2. the action or process of differentiating.
  3. 5. is to divide a municipality into residential, commercial, and industrial districts (or zones), that are for the most part separate from one another, with the use of property within each district being reasonably uniform.
  4. 6. the situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers.
  5. 7. secret or illegal cooperation or conspiracy, especially in order to cheat or deceive others.
  6. 8. an extra benefit supplementing an employee's salary, for example, a company car, subsidized meals, health insurance, etc.
  7. 10. a sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves).
  8. 13. the maintaining of prices at a certain level by agreement between competing sellers.
  9. 16. an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products.
  10. 17. a thing used to tie something or to fasten things together.
  11. 19. the exclusive possession or control of the supply or trade in a commodity or service.