ECONOMICS (CBSE/UGC NET)

ECONOMICS

PROPERTY RIGHTS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A ____ is a word, mark, symbol, or device that identifies a product of a particular manufacturer or merchant
A
Trademark
B
Service Mark
C
Copyright
D
Patent
Explanation: 

Detailed explanation-1: -A trademark is any word, name, symbol, or design, or any combination thereof, used in commerce to identify and distinguish the goods of one manufacturer or seller from those of another and to indicate the source of the goods.

Detailed explanation-2: -Word Mark-Word or Letters, Slogans or Taglines. Device Mark-Logo, Combination of Words and a Logo, Pictures or Drawings. Colour Mark. Shapes of Goods.

Detailed explanation-3: -1. What does TM mean? TM stands for trademark. The TM symbol (often seen in superscript like this: TM) is usually used in connection with an unregistered mark-a term, slogan, logo, or other indicator-to provide notice to potential infringers that common law rights in the mark are claimed.

Detailed explanation-4: -Product Mark This this type of trademark is used to recognize the origin of the product and helps in maintaining the reputation of a business. Trademark applications filed under trademark class 1-34 could be termed as a product mark, as they represent goods.

There is 1 question to complete.