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Why would a company use trade secrets to protect invention

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Reference no: EM131198074 , Length: 500 Words

Problem: Why would a company use trade secrets to protect their invention? Wouldn’t it make more sense to patent something? Please write your response in 500 words minimum and make proper citation and referencing.

Words Limit: 500

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Trade secret includes a process, ingredient, design, method or any other information which is not known to others and by using this company can gain economic advantage over its competitors (Zeidman, 2011). At times trade secrets are preferred over patents due the various advantages they offer. Such as mentioned in report. its MS word document containing more than 500 words solution to answering the question.

Reference no: EM131198074

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