Final answer:
A trademark is an asset that distinctly identifies a product or service, and it can be a word, symbol, or device that is legally registered. Trademarks help consumers recognize a specific brand or company's products. So the correct answer is option B).
Step-by-step explanation:
The asset that represents distinctive identifications of a product or service is a trademark. A trademark is a symbol, word, or word legally registered or established by use as representing a company or product.
It serves as a distinctive identifier for goods and brands, such as Chiquita bananas, Chevrolet cars, or the Nike "swoosh" on shoes and athletic gear. A firm can renew a trademark repeatedly, ensuring long-term brand protection as long as it remains in active use.
A trademark is any combination of letters, numbers, words, or designs that identify and set one product or service apart from others on the market and are protected by law. It is registered through a legal process to secure protection and grants the owner exclusive rights, prohibiting unlawful use by others.