To Prevent a Competitor from Introducing a Product with the Same

question 147

True/False

To prevent a competitor from introducing a product with the same name as its own product, a company must take out a patent by registering the name with the U.S. Patent and Trademark Office.

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Definitions:

Significant Influence

The power to participate in the financial and operating policy decisions of another entity, but not control those policies.

Share Ownership

Denotes holding equity in a company, representing a claim on part of the company's assets and earnings.

Policy Decision Making

The process by which governments or organizations establish rules, directives, and guidelines to influence and determine present and future decisions.