Question
1) Why would you be interested in protecting your chosen business - in my case a restaurant place offering breakfast & lunch - from being
1) Why would you be interested in protecting your chosen business - in my case a restaurant place offering breakfast & lunch - from being copied by others'? Would you want to patent your idea or would you keep it a trade secret? Explain your choice in detail.
2) Once your chosen business - in my case a restaurant place offering breakfast & lunch - is more established, you decide to get involved in a joint venture with a foreign firm. The contract for the joint venture gives you the right to buy the project in three years. You worry that the foreign firm has been bribing government officials to obtain an economic advantage over other companies. Do you have any reason to be concerned about the possible bribery if you purchase the venture in three years? Why or why not? Provide an overview of the country's (Hawaii or Brazil) business practices and the consequences of engaging in questionable business practices.
3) What are the consequences for businesses in the United States that engage in false advertising? Which agencies provide oversight? How can you avoid false advertising for your chosen business? What would be the economic impact on your business if you were caught engaging in false advertising?
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