BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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trademark
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service mark
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IP property mark
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none of the above
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Detailed explanation-1: -A service mark is a brand name or logo that identifies a business. Service marks can consist of words, phrases, symbols, designs, or some combination of these elements, which are all a form of intellectual property. Service marks identify a brand and the quality associated with it.
Detailed explanation-2: -The service mark symbol ℠ (the letters ⟨SM⟩ in small capitals and superscript style), is a symbol used in the United States and some other jurisdictions to provide notice that the preceding mark is a service mark. This symbol may be used for service marks not yet registered with the relevant national authority.
Detailed explanation-3: -According to the U.S. Patent and Trademark Office, a trademark is “a word, phrase, symbol or design that identifies your goods and services” and distinguishes your brand from competitors.
Detailed explanation-4: -It can be associated only with services and not goods or products. It is often slogans for a service provided by a company. For example, a plumber can register a service mark ‘Leak Fixers’ for the plumbing service he provides, with or without a distinctive logo.
Detailed explanation-5: -A brand is a name, term, sign or symbol, design or some combination of them is used to identify the products.