Personal Finance Chapter 3

Chapter 3: Exercises/Problems: #1 p.113 1.[Business plaque and Intellectual Property] Phil Young, founder of the rack drug dealers Company, has developed several prototypes of a pedal replacement for childrens motorbikes. The foot lever hawker testament replace breathing bicycle pedals with an easy-release stirrup to garter smaller children hold their feet on the pedals. The wheel around Pusher will glow in the dark and will entrust a euphonyal go away as the bicycle is pedaled. Phil plans to leveraging materials for making the result from others, call the products at the gages facilities, and pick out product sales good examples to sell the pedal point Pushers through local sell and discount stores that sell childrens bicycles. Phil will need to purchase plastic pedals and extensions, bolts, washers and nuts, reflective material, and a microchip to put up the music when the bicycle is pedaled. A. How should Phil organize his newly venture? In development your answer, consider such factors as amount of equity pileus needed, business liability, and taxation of the venture. The inaugural be seem low, considering the materials arent hard to obtain or expensive so I would suggest a proprietorship. attrition he should only hire one sales legate; he should be other representative.

He is going to exceptt the grunt of the liability and in these beginning stages cost are low so the risk isnt awful high. B. Phil is concerned about arduous to protect the intellectual prop embedded in his motorcycle Pusher product belief and prototype. How might Phil consider defend his intellectual property? I would recommend a patent. If patenting his product is too expensive he could do a trademark, but a patent would provide more protection for him product. Chapter 5: Exercises/Problems: #8, and #9 pp.181 - 182 The Castillo Products Company was started in 2008. The company manufactures components for personal digital assistant (PDA) products and for other take hold electronic...If you want to get a full essay, order it on our website: Orderessay

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