A market is composed of people or organizations who have the ability to buy the products they desire

An insurance applicant with a below-average likelihood of loss is typically considered to be a

A) preferred risk B) subpar risk C) declined risk D) standard risk

You do not need a patent unless you ________

A) Believe that someone else could successfully sell the product by copying your invention B) Have invented a product that you intend to market yourself or sell to a manufacturer C) Both A and B D) Want to get sued E) None of the above