1. Vocabulary Janki Patel

2. Prototype  Someone or something that serves to illustrate the typical qualities of a class; model; exemplar.

3. Invention  An act or instance of creating or producing by exercise of the imagination, especially in art, music, etc.

4. Patent  An official document granting a right.  Apple iPhone Patented

5. Credit  The time permitted for paying for such goods or services.

6. Operating Cost  The day-to-day expenses incurred in running a business, such as sales and administration.

7. Fixed Cost  A cost that does not vary depending on production or sales levels, such as rent, property tax, insurance, or interest expense.

8. Taxes  To demand a tax in consideration of the possession or occurrence of (income, goods, sales, etc.), usually in proportion to the value of money involved.