The Exclusive Right to Use a Certain Name or Symbol

question 35

Multiple Choice

The exclusive right to use a certain name or symbol is called as:

• A) franchise.
• B) patent.
• C) trademark.
• D) copyright.

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Definitions:

Profit

The financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain those activities.

Barber

A person whose profession involves cutting, dressing, grooming, styling and shaving men's and boys' hair or beards.

Purely Competitive

A market structure characterized by many small firms producing an identical product, where no single firm can influence the market price.