Which of the Following Is True Regarding Trade Secret Protection

question 63

Multiple Choice

Which of the following is true regarding trade secret protection?

• A) A trade secret is protected from unlawful appropriation by competitors as long as it is kept secret and consists of elements not generally known in the trade.
• B) A trade secret is protected from unlawful appropriation by competitors for ten years.
• C) A trade secret is protected from unlawful appropriation by competitors for twenty years.
• D) A trade secret is protected from unlawful appropriation by competitors for thirty years as long as it is kept secret and consists of elements not generally known in the trade.
• E) A trade secret is protected from unlawful appropriation by competitors for seventy years.

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Definitions:

Broadly Universal

Describing concepts, principles, or beliefs that are widely accepted or applied across various cultures and situations.

Marketing Strategy

A comprehensive plan formulated by businesses to achieve specific marketing objectives and targets over a set period.

Sales Objective

A target set by a business to achieve a specific amount of sales within a certain timeframe, used to motivate and measure the performance of sales teams.

Value Objective

A strategic goal focused on delivering superior value to customers, often by offering products or services that uniquely meet their needs or preferences.