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25 December, 13:35

A soft drink manufacturer protects a closely guarded formula for a recipe. What is this recipe an example of?

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  1. 25 December, 14:23
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    Answer: Trade secret

    Explanation: Trade secret is an intellectual property through which a business gains economic and competitive advantage in the market over other participants. It can be in the form of practice, process or design etc.

    In the given case, the manufacturer has a secret formula for its recipe which will benefit him in the market as only he knows it, therefore, we can conclude that he has a trade secret.
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