Question

Kentucky Fried Chicken, better known as KFC, holds one of the most desired recipes in the world for their signature, 11-spice blend used in their fried chicken. In fact, it is so valuable, the recipe is kept in a vault and only two people in the world know the full contents of the recipe. The KFC fried chicken recipe is an example of O a trademark O a patent a copyright O a trade secret

Answer 1

Answer: 4^th option

This is an example of a trade secret.

In order to be a trade secret there must be three characteristics – not to be disclosed in public, adequate protection, and creating value.

All these are complied with as below:

Not to be disclosed in public – the recipe is known by two persons only; therefore, there is no disclosure to public.

Adequate protection – it is kept in a vault, indicating an adequate protection.

Creating value – this creates economic value to the company, since it is unique in the market.