Option #1:Option #1: Product Naming Concerns and Intellectual Property Protection: Tangible Product A part of new product launch strategy includes creating the product or service name. Address these questions:Option #1: Product Naming Concerns and Intellectual Property Protection: Tangible ProductA part of new product launch strategy includes creating the product or service name. Address these questions:1. In general, how does the product name affect and interact with other new product launch concerns?2. What are two products (not listed in course materials) whose names clearly reinforce the brand in the mind of customers? Explain what the brand image implies to the consumer.3. What are the costs and benefits of using intellectual property protection mechanisms?4. How does product naming and intellectual property protection help support the success of a product? Provide an analysis.Requirements:· Your paper should be four to six pages long, excluding the title and reference list pages, which are required.· At least four to six scholarly, peer-reviewed references that provide information and guidance for your assignment. The CSU-Global Library (Links to an external site.) is a good place to find these sources.· Outside sources include academic and research other than the textbook, course materials, or other information provided as part of the course materials.· Follow the formatting outlined in the CSU-Global Guide to Writing and APA
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