Which of the following is true of trade secrets?
A) They are used by their owners to set themselves apart from their competitors.
B) They are widely known and are considered common knowledge in the market.
C) They are suspect to lawful appropriation through the use of industrial espionage.
D) They are vulnerable to unlawful misappropriation through the use of reverse engineering.

Question

Quizplus · Accepted Answer

Trade secrets are valuable because they allow businesses to maintain a competitive edge by keeping certain information not publicly known or easily ascertainable. This can include formulas, practices, designs, instruments, patterns, or compilations of information.

Which of the Following Is True of Trade Secrets