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Give an Advantage and a Disadvantage of Maintaining a Formula

question 10

Essay

Give an advantage and a disadvantage of maintaining a formula as a trade secret and an advantage and disadvantage of filing a patent application for the formula.


Definitions:

Algorithms

Step-by-step procedures or sets of rules followed in calculations or problem-solving operations, particularly by computers.

Trial And Error

A method of problem-solving that involves trying multiple options and eliminating those that do not work.

Robert Sternberg

An American psychologist known for his theory on love and intelligence, including the Triarchic Theory of Intelligence.

Peter Wason

A British psychologist known for his work in the field of cognitive psychology, particularly for his research on reasoning and decision-making.

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