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USPTO FDA Customs & Border Patrol Internal Revenue Service _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 10. What are some of the ways government agencies promote or protect commerce and innovation? _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 11. What can happen to a company if manufacturing, labor or transportation costs rise? _ ______________________________________________________________________________ _ ______________________________________________________________________________ 12. Safe and reliable global shipping is essential to the smooth flow of commerce. It requires the _________________________________ and ____________________ of many businesses, local, and national governments. 13. If companies don’t innovate and keep their products relevant, they risk __________________. 14. A nationwide bookstore chain recently announced the closing of its brick and mortar stores. What does that mean? a. it will no longer sell bricks or mortar b. it is closing its retail stores and will no longer have a physical presence • licenses and fee collections • customs inspections to prevent IP theft • providing fast, safe , efficient, accessible , and convenient transportation systems • providing air traffic control • product safety inspection for protecting consumers • maintaining diplomatic relations with other countries and trade offices to open foreign markets to American goods • maintaining business-friendly practices • maintaining accessible , fair, and efficient judicial systems The company’s profits can fall ; a company can even fail if its costs of production , labor, or transportation get too high . cooperative interaction coordination failure PRODUCT PREVIEW State and local licensing agencies U.S. Department of Transportation 9. With which government agencies did HealnnHeels directly or indirectly interact in the course of bringing its product to market?
Lesson 11 | You’re the Entrepreneur 200
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