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7UP is a lemon-lime carbonated soft drink that has been very successful in the United States. Dr Pepper/Seven Up, Inc., the maker of 7UP, uses a family branding strategy to market 7UP worldwide. In China, sales have suffered since the brand name means "death through drinking." Which criterion for picking a good band name did Dr Pepper/Seven Up, Inc. violate when it chose to use a family branding strategy to market 7UP in China?
Security Agreement
A legal document that provides a lender a security interest in a specific asset or property pledged as collateral.
Secured Goods
Items that are used as collateral for a loan or are subject to a security interest, ensuring the fulfillment of an obligation.
Acceleration
A provision in a mortgage agreement that allows the mortgagee to demand the entire balance due when the mortgagor misses a single installment payment.
Debt Due
The amount of money that is owed and should be paid, typically by a specific deadline or upon demand.
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