If a Firm Has a Trade Secret, and the Principals

question 3

Multiple Choice

If a firm has a trade secret, and the principals of the firm discuss it in a public elevator: ​

• A)The protection is lost
• B)The protection is heightened
• C)The protection remains the same
• D)None of these is correct
• E)The protection remains the same if those on the elevator are sworn to secrecy

---

Definitions:

Cottages

Small, typically cozy houses, often located in rural or vacation settings, and sometimes used as secondary homes or vacation retreats.

Symbiotic Relationship

A mutualistic interaction between two different organisms living in close physical association, typically to the advantage of both.

Competitive Advantage

A business strategy that allows a company to outperform its competitors, often through greater market share, lower costs, or superior quality.

Vendors

Individuals or companies that sell goods or services to another entity, usually as part of the supply chain in a specific commercial transaction.