The use of brand names and trademarks is to
COMMERCE
WAEC 2023
The use of brand names and trademarks is to
- A. control the supply of goods
- B. prevent imitation by competitors
- C. stabilize the prices of goods
- D. make after-sale service possible
Correct Answer: B. prevent imitation by competitors
Explanation
Brand names and trademarks allow companies to establish and control their brand identity and reputation. By creating a distinct brand name or trademark, a company can differentiate its products or services from competitors, ensuring that customers can identify and choose their offerings
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