Question

Confidential business information that gives a business economic edge over its competition is called?

Answer 1

Answer: Confidential business information that gives a business economic edge over its competition is called Trade secret  

Explanation: A trade secret can be anything from a special recipe to manufacturing processes to a particular technology. Trade roles can play a big role in business’s financial health and competitiveness. Trade secrets provide competitive advantages. A trade secret is information that has value by virtue of not being generally known and if a competitor finds it out it can give them an economic edge.