If a firm has developed a very popular chocolate bar recipe, the firm would consider the chocolate bar recipe to be which of the following?

Question

Quizplus · Accepted Answer

A trade secret is confidential information that provides a company with a competitive advantage. In this case, the chocolate bar recipe is confidential information that distinguishes the company's product from competitors. A copyright protects original works of authorship (such as books, music, or artwork), a patent protects inventions, and a trademark protects logos and brand names.

If a Firm Has Developed a Very Popular Chocolate Bar