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QUICK TRIVIA CHALLENGE

How's your invention IQ?

Answer the following 11 questions either True or False.

#
Question
True
False
1
A patent gives you the right to sell your product.
T
F
2
More than six million patent applications have been filed with the US Patent and Trademark Office.
T
F
3
It's possible to patent gravity.
T
F
4
The name Velcro was derived from the words velvet and crochet.
T
F
5
Marketing should first begin after the product is produced.
T
F
6
Profit is revenue minus costs and expenses.
T
F
7
 In manufacturing terms, BOM stands for Bill of Materials.
T
F
8
Determining your competition is not important.
T
F
9
Licensing means giving permission to a company to manufacture, and/or distribute, and/or sell your invention.
T
F
10
Packaging can serve the purpose of gaining attention, protecting the product, and preventing theft.
T
F
11
The UPC barcode used on retail packages is an acronym for Universal Product Code.
T
F

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