Final answer:
Intellectual property laws protect different aspects of a price and profit app, including patent for the app's unique features, copyright for its code, trade secret for proprietary processes, and trademark for branding elements.
Step-by-step explanation:
The idea for a price and profit app that businesses can use to track their revenue, profit, and payroll may be protected by different types of intellectual property, depending on various factors such as implementation and originality. Generally speaking, patent law covers inventions and new software which may apply to a novel app concept or functionality. On the other hand, copyright law protects literary and artistic works, which could include the source code of the app itself. Meanwhile, proprietary methods and processes that are confidential to a business can be protected as a trade secret, similar to how the formula for Coca-Cola is kept hidden from the public and competitors. Lastly, a trademark can protect brand names, logos, and slogans associated with the app.