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A ____ consists of a novel and confidential formula, device, idea, process, pattern, or compilation of information that gives the owner a competitive advantage in the marketplace.

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A trade secret consists of a novel and confidential formula, device, idea, process, pattern, or compilation of information that gives the owner a competitive advantage in the marketplace.

What is a trade secret?

Trade secrets might include things like product designs, manufacturing processes, fresh marketing tactics, and more. Legally speaking, these secrets are regarded as a type of intellectual property, much like patents, trademarks, and copyrights. Knowing what constitutes a trade secret will help to better defend the company.

Trade secrets can take on many different shapes, such as a proprietary technique, tool, pattern, design, formula, recipe, method, or approach that is not obvious to others and is used to provide an organization an edge over rivals or add value to clients.

To know more about Trade secrets refer to:  https://brainly.com/question/14898192

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