Jerry Margulis Makes Knockoffs of Prada Handbags

question 43

Multiple Choice

Jerry Margulis makes knockoffs of Prada handbags. He calls them Preda, and that name appears on the product, but otherwise they look a lot like the original. Whereas Prada might typically sell for $300, a Preda seels for $40. A Preda is definitely of inferior quality compared to a Prada. Jerry sells his handbags to discount houses and other stores that do not carry Prada knock-off that looks like one. Prada learns of this activity, and sues Jerry for trade mark infringement. Which of the following is true?

• A)This is not trade mark infringement because purchasers are not fooled into believing that a Preda is a Prada. On the contrary, they know that it's not.
• B)Jerry is trading on the goodwill that Prada has built up, and that is actionable.
• C)Jerry may not be trying to fool the public, but purchasers of a Preda presumably are.
• D)The sale of low quality knock-offs harms Prada's reputation for high quality goods.
• E)B, C, and D

Describe the different types of conflict and their potential benefits to organizations.

Understand the outcomes of high versus low trust environments in organizational settings.

Differentiate between various third-party dispute resolution approaches and their application.

Understand the impact of fiscal policy and automatic stabilizers on the economy.

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Definitions:

Environmental Assurance

Commitments or policies aimed at minimizing the environmental impact of a company's operations, often part of corporate social responsibility efforts.

Production Cost Report

A Production Cost Report summarizes the total costs involved in the production process, including direct materials, direct labor, and overheads, helping businesses assess production efficiency.

Control

The process of setting standards, measuring actual performance, and taking corrective action to ensure that objectives are achieved in an organization.

Production Targets

Specific goals set for the amount of products to be produced within a certain timeframe, guiding the production process and resource allocation.