Which of the Following Statements Is True Regarding a Trademark

question 50

Multiple Choice

Which of the following statements is true regarding a trademark?

• A) A trademark can sometimes also function as a service mark.
• B) A trademark once granted lasts for 25 years.
• C) A trademark can only be renewed every 5 years.
• D) A trademark is not an exclusive right to its creator.

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Definitions:

Supplier Power

The influence suppliers have over the market or customer base, often due to lack of competition, affecting prices, quality, and availability.

Sourcing Inputs

Involves the process of finding and obtaining the necessary resources, materials, or components required to manufacture a product or provide a service.

Value Capture

A process by which companies retain a portion of the value they create for customers, often through pricing strategies or intellectual property.

Low Cost Strategies

Refers to business approaches aimed at achieving a competitive edge by minimizing operational costs.