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Which of the following is a type of intangible property that businesses often establish policies to protect:

A. Inventory methods
B. Production systems
C. Trade secrets
D. Delivery routes

User Guymage
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1 Answer

7 votes

Final answer:

The correct option is C). Trade secrets are a type of intangible property that businesses protect to maintain an economic advantage, exemplified by the formula for Coca-Cola.

Step-by-step explanation:

Among the options provided, trade secrets are a type of intangible property that businesses often establish policies to protect. A trade secret can consist of a formula, practice, process, design, instrument, pattern, or compilation of information that is not generally known or reasonably ascertainable, by which a business can obtain an economic advantage over competitors or customers. A classic example of a trade secret is the formula for Coca-Cola, which is famously kept undisclosed. Inventories, production systems, and delivery routes, while they may be proprietary to a specific business, are not typically considered trade secrets in the same manner.

User Fulldump
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