8. The main difference between a trade name and a trademark is O trade names are

Question

8. The main difference between a trade name and a trademark is O trade names are licensed whie trademarks are not O a trade name is only the word that is spoken to distinguish seller's products or services but a trade mark consists of both the spoken and unspoken order mark at distinguishes a seller's products or services O a trade name can cover an array of company product items while a trademark can only apply to a single SKU for a product inem O brand names are protected by low but trademarks are not. 7 2 3

Explanation / Answer

Ans (2)The main difference between trade name and trade mark is a trade name is a commercial legal name under which a company does business while a trade mark identifies that a firm has legally registered to trade name.

Trade Name: Registered legal name

Trade Mark: It is generally known as brand or logo

Ans (1) Gatorade is using multi branding strategy.

Multi branding: It means use one name for all its products by a company.

Ans (5) Dry-cleaning service, an automated car wash, and a taxi service have in common because in all these services are equipment based services.

Equipment based services: It means equipment plays a significant role in performing the service rather than people.

Ans (3) Demand for Service :Many service businesses uses off peak pricing to reflect variation.

Peak Pricing is a form of pricing when customer pays additional fees due to high demand.

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