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How can businesses within the tourism industry leverage the IP system to their advantage?
- a)By restricting access to tourist destinations and attractions
- b)By preventing competition and monopolizing the tourism market
- c)By securing creative assets and competitive edge through intellectual property protection
- d)By limiting the availability of tourist services to specific customer segments
Correct answer is option 'C'. Can you explain this answer?
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How can businesses within the tourism industry leverage the IP system ...
Businesses within the tourism industry can leverage the IP system to their advantage by securing creative assets and competitive edge through intellectual property protection. Trademarks, copyrights, and other intellectual property rights enable tourism businesses, such as hotels, resorts, travel agencies, and destination marketers, to differentiate their offerings, protect their brand identity, and create unique experiences for travelers. By registering trademarks for their brand names, logos, and slogans, tourism businesses can prevent competitors from using similar names or confusing customers, enhancing brand recognition and loyalty. Copyright protection extends to promotional materials, websites, photographs, and videos used to market tourist destinations and services, allowing businesses to control their use and distribution. Additionally, businesses can protect innovative concepts, designs, and technologies related to tourism experiences through patents and industrial designs, establishing barriers to entry for competitors and enhancing their market position. By leveraging intellectual property rights, businesses in the tourism industry can attract tourists, drive revenue growth, and contribute to the overall competitiveness and sustainability of the tourism sector. An interesting additional fact is that intellectual property rights also play a role in protecting cultural heritage, indigenous knowledge, and traditional practices associated with tourism destinations, preserving their authenticity and value for future generations.
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How can businesses within the tourism industry leverage the IP system to their advantage?a)By restricting access to tourist destinations and attractionsb)By preventing competition and monopolizing the tourism marketc)By securing creative assets and competitive edge through intellectual property protectiond)By limiting the availability of tourist services to specific customer segmentsCorrect answer is option 'C'. Can you explain this answer?
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How can businesses within the tourism industry leverage the IP system to their advantage?a)By restricting access to tourist destinations and attractionsb)By preventing competition and monopolizing the tourism marketc)By securing creative assets and competitive edge through intellectual property protectiond)By limiting the availability of tourist services to specific customer segmentsCorrect answer is option 'C'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about How can businesses within the tourism industry leverage the IP system to their advantage?a)By restricting access to tourist destinations and attractionsb)By preventing competition and monopolizing the tourism marketc)By securing creative assets and competitive edge through intellectual property protectiond)By limiting the availability of tourist services to specific customer segmentsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How can businesses within the tourism industry leverage the IP system to their advantage?a)By restricting access to tourist destinations and attractionsb)By preventing competition and monopolizing the tourism marketc)By securing creative assets and competitive edge through intellectual property protectiond)By limiting the availability of tourist services to specific customer segmentsCorrect answer is option 'C'. Can you explain this answer?.
How can businesses within the tourism industry leverage the IP system to their advantage?a)By restricting access to tourist destinations and attractionsb)By preventing competition and monopolizing the tourism marketc)By securing creative assets and competitive edge through intellectual property protectiond)By limiting the availability of tourist services to specific customer segmentsCorrect answer is option 'C'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about How can businesses within the tourism industry leverage the IP system to their advantage?a)By restricting access to tourist destinations and attractionsb)By preventing competition and monopolizing the tourism marketc)By securing creative assets and competitive edge through intellectual property protectiond)By limiting the availability of tourist services to specific customer segmentsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How can businesses within the tourism industry leverage the IP system to their advantage?a)By restricting access to tourist destinations and attractionsb)By preventing competition and monopolizing the tourism marketc)By securing creative assets and competitive edge through intellectual property protectiond)By limiting the availability of tourist services to specific customer segmentsCorrect answer is option 'C'. Can you explain this answer?.
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How can businesses within the tourism industry leverage the IP system to their advantage?a)By restricting access to tourist destinations and attractionsb)By preventing competition and monopolizing the tourism marketc)By securing creative assets and competitive edge through intellectual property protectiond)By limiting the availability of tourist services to specific customer segmentsCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for How can businesses within the tourism industry leverage the IP system to their advantage?a)By restricting access to tourist destinations and attractionsb)By preventing competition and monopolizing the tourism marketc)By securing creative assets and competitive edge through intellectual property protectiond)By limiting the availability of tourist services to specific customer segmentsCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of How can businesses within the tourism industry leverage the IP system to their advantage?a)By restricting access to tourist destinations and attractionsb)By preventing competition and monopolizing the tourism marketc)By securing creative assets and competitive edge through intellectual property protectiond)By limiting the availability of tourist services to specific customer segmentsCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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