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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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Read the passage carefully and answer the following questions:It is very pleasant to entertain a new idea, a new notion or concept to think about and to look at the world with. Indeed, it can have the exciting and intoxicating feel of discovering hidden treasure.Unfortunately, most ideas are bad - wrong, misleading, dangerous, or of very limited use or relevance. Even more unfortunately, that doesnt prevent them from gaining our interest and enthusiasm. The problem is that getting an idea is just a matter of understanding it (or thinking that you do) and this is just as easy in the case of bad ideas as it is for good ones. In contrast, checking the quality of ideas by interrogating the arguments for them is laborious and distinctly unrewarding - and so avoided as much as possible. The result is that the world is drowning in bad ideas and their dreadful consequences, from conspiracy theories to religions to academic bloopers like critical race theory.The attraction of ideas is that they promise to help us make sense of the world. But we are too ready to accept ideas for what they seem to offer, without checking to see if the offer is real. Indeed they do allow us to see the world differently. But while that shift in perspective generates a feeling of insight, that is not in itself evidence that we are now seeing things as they truly are. We confuse the oomph of intellectual novelty, that comes from seeing things differently, with actual significance or value (an entire industry called the news also feasts on this cognitive bias). We allow ideas psychological effects on us rather their logical qualities to determine how we receive them.Unfortunately, given the way human minds work, bad ideas are more likely to have these attractive psychological effects than good ones. Consider the perennial attraction of conspiracy theories (and most religions), which offer an alternative simplified way of making sense of the strange and unwelcome things happening in the world by turning them into a meaningful story with ourselves at the centre. This has the benefit of reducing the cognitive burdens of understanding the world. In addition, the structure of these theories is distinctly flattering to believers: since the conspiracists are trying so hard to fool us, we must be important after all; since we can see through their ploys, we must be more powerful than we seemed.But besides these well-known benefits, novelty plays a particularly significant role in the attractiveness of conspiracy theories and other kooky ideas. It is not merely comforting (a kind of intellectual junk foo d) but intellectually exciting to come to think that the world is run by Bill Gates or NASA or whoever. It makes you see everything from a fresh perspective, which makes all sorts of new connections and meanings jump out to you. This in turn gives you the feeling of gaining genuinely new and important knowledge, of enlightenment: of seeing further and truer than you did before and than all those other people still stuck in their dark cave.To sum up. New ideas make our brains light up, but that phenomenology of enlightenment easily misleads us about their value. We need quality control and therefore we need to work through the impartial arguments for the exciting new ideas we come across; but we dont because that would be way more work and way less fun. The result is that our minds are abuzz with things we think we know, and which feel important to know, but which probably arent either.Q.Which of the following is NOT one of the effects associated with believing in conspiracy theories?

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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?.
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