Answer :
Final answer:
A 'brand' is a name, sign, symbol, or design which identifies the maker or seller of a product or service. This is closely related to trademarks, identifying symbols or names for specific goods, which can be renewed indefinitely as long as they are in active use.
Explanation:
The correct answer to your query is: 'A brand is defined as a name, term, sign, symbol, or design, or a combination of these, that identifies the maker or seller of a product or service'. This concept is related to the idea of the 'trademark'. A trademark can be an identifying symbol or name for a particular good, like Chiquita bananas, Chevrolet cars, or the Nike 'swoosh' that appears on shoes and athletic gear. Between 2003 and 2019, roughly 6.8 million trademarks were registered with the U.S. government. A firm can continuously renew a trademark as long as it remains in active use.
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