Difference Between a Brand Name and a Trade Name Is

question 39

Multiple Choice

difference between a brand name and a trade name is that __________.

• A) brand names are legally registered and trade names are not
• B) a trade name is the name under which a company does business
• C) a brand name is only the word that is spoken to distinguish a seller's goods or services but a trade name consists of both the spoken and unspoken word(s) and mark(s) that distinguishes a seller's goods or services
• D) a brand name can cover an array of company product items while a trade name can only apply to a single SKU for a product item
• E) trade names are protected by law but brand names are not

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Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, entitling the owner to vote at shareholder meetings and receive dividends.

Priority For Dividends

The order in which dividends are paid out to different classes of securities or shareholders, often based on the terms of the securities.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay their outstanding debts, leading to the distribution of assets to creditors.

Preferred Stock

A category of corporate ownership that holds a superior claim over the company's resources and profits compared to common stocks, typically offering consistent dividend payments.