A process, chemical formula, list, plan, or mechanism known only to an employer and those employees who need to know in order to use it in business is known as a:
A) patent.
B) service mark.
C) trade secret.
D) copyright.
E) trademark.

Question

Quizplus · Accepted Answer

A trade secret is confidential information that provides a business with a competitive advantage and is only known to a select few employees who need to know it. Examples include formulas, processes, and plans that are kept secret from competitors. Unlike patents, trademarks, and copyrights, trade secrets require no registration and can be kept secret indefinitely.

A Process, Chemical Formula, List, Plan, or Mechanism Known Only