A Firm Claiming a Trade Secret Must Show That It

question 17

Multiple Choice

A firm claiming a trade secret must show that it:

• A)took reasonable measures to ensure secrecy.
• B)gave adequate compensation for the work.
• C)has a license to produce the product.
• D)has enough research to back the product.

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Definitions:

Operating Alternatives

Various strategies or methods a business may consider to run its operations effectively and efficiently.

Projections

Estimates or forecasts of future financial performance, sales, revenue, or other financial metrics.

Sales Campaigns

Targeted efforts to increase product awareness or sales over a specific period using various marketing strategies.

Cash Needs

Refers to the amount of cash a company or an individual requires to cover expenses, fulfill obligations, or undertake investments.