A ________ is any formula, pattern, physical device, idea, process, or other information that provides the owner of the information with a competitive advantage in the marketplace.
A) patent
B) copyright
C) trademark
D) trade secret
E) certification mark

Question

Quizplus · Accepted Answer

A trade secret is any valuable information that is not generally known and is subject to reasonable efforts to maintain its secrecy. It provides a competitive advantage to the owner and can include things like customer lists, manufacturing processes, and business strategies. Unlike patents, copyrights, trademarks, and certification marks, trade secrets do not require any registration with government agencies and can potentially remain protected indefinitely as long as they remain secret.

A ________ Is Any Formula, Pattern, Physical Device, Idea, Process