🎴 Flashcard Mode
Trade Secret Law and Fashion Design
Card1 / 15
Mastered0
Review0
QuestionClick to flip
What is a trade secret?
AnswerClick to flip back
A
A formula, pattern, device, or compilation of information that is not generally known or readily ascertainable by others and that gives a business a competitive advantage.
💡 Explanation:
A trade secret is a formula, pattern, device, or compilation of information that is not generally known or readily ascertainable by others and that gives a business a competitive advantage. Trade secrets can include things like customer lists, manufacturing processes, and marketing strategies.