INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Can any brand name be selected and used by a business?
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No, the name must be legally available for use
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Yes, brand names cannot be owned by a business
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Yes, a business can use any name it wants to use
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No, the name must be registered before it can be used
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Explanation:
Detailed explanation-1: -For example, Nike is the brand name used on most products manufactured by Nike, Inc. In this example, the business name and brand name are the same. However, a business name and brand name don’t have to be the same. Many companies have many brands.
Detailed explanation-2: -Using a registered trademark without permission from the owner can lead to a trademark infringement lawsuit. However, a trademark registration does not always protect all uses of a trademark. There are some situations where even registered trademarks can be used without asking permission.
There is 1 question to complete.