Any Word, Device (Design, Sound, Shape, or Color), or Combination

question 187

Multiple Choice

Any word, device (design, sound, shape, or color) , or combination of these used to distinguish a seller's products or services is referred to as a

• A) brand name.
• B) copyright.
• C) trade name.
• D) trademark.
• E) label.

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Definitions:

Fixed Price

A pricing strategy where the cost of goods or services is set at a specific amount and does not fluctuate.

Buy Shares

The act of purchasing ownership interests in a company, thereby becoming a shareholder entitled to dividends and capital gains.

Lower Bound

The minimum value that a theoretical price, such as an option's price, can reach.

Call Option

A contractual agreement that allows the buyer the choice, without any requirement, to purchase an asset at an agreed-upon price within a set period.