Which term is the grant of a property right to an inventor to exclude others from making, using, or selling his or her invention?

Which term is the grant of a property right to an inventor to exclude others from making, using, or selling his or her invention?

• A. Patent
• B. Psychographics
• C. Secondary data
• D. Market research

Answer: (A)

A patent is a government-granted exclusive right that allows the inventor to stop others from making, using, or selling the invention for a period of time. This protection, in exchange for disclosing the invention to the public, encourages innovation. To obtain a patent, the invention must be novel, non-obvious, and useful, and the patent's claims define the exact protection. The other terms—psychographics, secondary data, and market research—do not provide exclusive rights to an invention; they relate to understanding consumers and using existing information for decision-making. So the term that fits the description is patent.

A patent is a government-granted exclusive right that allows the inventor to stop others from making, using, or selling the invention for a period of time. This protection, in exchange for disclosing the invention to the public, encourages innovation. To obtain a patent, the invention must be novel, non-obvious, and useful, and the patent's claims define the exact protection. The other terms—psychographics, secondary data, and market research—do not provide exclusive rights to an invention; they relate to understanding consumers and using existing information for decision-making. So the term that fits the description is patent.