If an entrepreneur wants to keep a new idea confidential, which step may be suitable?
Answer and explanation
Correct answer: Take trusted advice and understand suitable intellectual-property protection
Confidential information should be shared only with appropriate people and records should be protected. Depending on the idea, legal advice may help identify a patent, design, trademark, copyright, or confidentiality arrangement. No single right protects every idea, so understanding the suitable protection is the correct step.
Frequently asked questions
What is the correct answer to this question?
Take trusted advice and understand suitable intellectual-property protection
Why is this the correct answer?
Confidential information should be shared only with appropriate people and records should be protected. Depending on the idea, legal advice may help identify a patent, design, trademark, copyright, or confidentiality arrangement. No single right protects every idea, so understanding the suitable protection is the correct step.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Intellectual Property Rights.
