MGT602 VU Assignment No 2 Spring 2012 Solution

1. What are the potential disadvantages a cottage industry entrepreneur has to face in Pakistan as compared to other countries where intellectual property rights are fully incorporated? (15 marks)

Mainly The Disadvantages are:
1. low output
(explain in your own words).
2. high cost of production
(explain in your own words).
3. lack of standard and quality material
(explain in your own words).

2. Does any innovation regarding the cottage industry by an entrepreneur will be secured as copy right or patent? Justify with an example. (15 marks)


Yes it provides the protection the entrepreneur. The entrepreneur can create its own Brand.
Example: The fashion Designer are usually Entrepreneur as they create there own brand and conduct fashion shows to sale there clothes.

  • Majmal729

    any body have solution Assignment NO. 2 MGT 602