A trademark is a unique sign or logo that allows a firm to differentiate its product from competitors in the market. It is a form of intellectual property right that gives the owner exclusive rights to use the mark in commerce and prevent others from using a similar mark that may cause confusion among consumers. It serves as a way for consumers to identify and associate a particular product with a particular brand.

Solved

What Is a Trademark

Question 50

Multiple Choice

What is a trademark?

A) A legal instrument which grants a firm the right to differentiate its product.
B) A legal right to position a firm's product in high-traffic public areas such as airports and post offices.
C) A patent on a firm's product.
D) A distinguishing attribute such as a sign or logo that allows a firm to uniquely identify its product.

Correct Answer: