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Re: Add to the List of Terms That Inventors Should Know

Postby Roger Brown » Fri Jun 27, 2014 3:58 am

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RFID- RFID stands for Radio-frequency identification and is the wireless non-contact use of radio-frequency electromagnetic fields to transfer data.

Polypropylene – is referred to as PP for short and also called polypropene. It is a thermoplastic used in a wide array of products such as plastic containers, plastic parts, various packaging and more.

Polyethylene – is referred to as PE for short and also called polythene. It is one of the most commonly used plastics. It can be found in plastic bags, plastic containers, bottles and more.

Re: Add to the List of Terms That Inventors Should Know

Postby Roger Brown » Tue Aug 19, 2014 5:30 pm

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ID – Industrial Design- You will sometimes hear companies say “We will have our ID department look it over. Or “It is in review with ID”

COG – Cost of Goods is the total cost attributed to the production of the product sold by the company including the material and labor costs.

CADs – Computer Aided Designs- these are designs generated by the designer using computer software depicting the object so that it can be machined, tested, give specific dimensions, material specifications and more to aid in the production of the object.

Re: Add to the List of Terms That Inventors Should Know

Postby Roger Brown » Tue Nov 18, 2014 7:05 pm

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BOM – Bill of Materials- this is a comprehensive list of the various materials, components, sub-components, and quantities of each component needed to manufacture the finished product.

STEP and IGES - are neutral file formats used to transfer files between various CAD software. Editing these is normally not available because the history tree is unavailable in this format.

Due Diligence – period where the company interested in possibly licensing a product does their research into that products market share, cost, return on investment, profit margin, manufacturing process and more before deciding to make an offer on the product offered for licensing.

Re: Add to the List of Terms That Inventors Should Know

Postby Roger Brown » Sat Dec 27, 2014 8:32 pm

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Licensing Evaluation/Review – when a company takes the time to consider adding a new product to their product line. During this time the company evaluates the cost to bring the product to market and if it can be done at a profit.

Line Review – when a company is showing their product line to a retail chain in hopes of either establishing a line of products within that retail chain or expanding the current line they have within that chain already.

Product line – a collection of products produced by one company for sale for profit.

Re: Add to the List of Terms That Inventors Should Know

Postby Roger Brown » Sat Feb 07, 2015 5:34 pm

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Trademark is what consumers recognize as the brand/insignia of your product/goods.

A Service Mark and Trade Mark are very similar to each other. With the exception that a Service Mark doesn't apply to products/goods, it only applies to services

Clam Shell Packaging – is a container that can be clear or tinted that has two halves that come together to form the enclosure to hold the product.
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