What is defined as a distinctive sign that identifies goods or services produced by an individual or company?

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Prepare for the UCF GEB3375 Intro to International Business Exam 2. Enhance your skills with multiple-choice questions, detailed explanations, and strategic tips. Boost your confidence and excel on your exam day!

A trademark is a distinctive sign that identifies goods or services produced by an individual or company, establishing brand identity in the marketplace. Trademarks can include names, logos, symbols, or even sounds associated with a product. The primary purpose of a trademark is to prevent confusion among consumers by helping them distinguish between different producers, ensuring that the quality and source of a product are clear.

In contrast, industrial property typically encompasses a broader category that includes trademarks as well as patents and industrial designs, so it does not solely define the distinctive signs used for identification. Copyright refers to the legal protection given to original works of authorship, such as books, music, and movies, focusing on creative works rather than product identification. Intellectual property is an overall term that includes various forms of legal rights including trademarks, copyrights, patents, and trade secrets, yet it does not specifically define a sign that identifies goods or services. Therefore, the most precise term regarding the identification of goods or services produced by a company is a trademark.