In Custom Vehicles V

question 66

Multiple Choice

In Custom Vehicles v.Forest River,Custom sued because Forest used the term "Work and Play" to describe a van they manufactured after Custom had registered the mark "Work-N-Play" to describe a vehicle they had built.The court found no trademark infringement because:

• A) Work-N-Play had not acquired a secondary meaning so as to qualify as a suggestive trademark.
• B) Work-N-Play was not distinctive enough to qualify as a fanciful trademark.
• C) Work-N-Play was not distinctive enough to qualify as an arbitrary trademark.
• D) Work-N-Play had not acquired a secondary meaning so as to qualify as a descriptive trademark

Understand the significance of certifications like B-Corp for businesses.

Define an offering in the context of marketing.

Comprehend the structure and aims of an organization.

Identify the levels of strategy within an organization.

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Definitions:

Excess Burden

The cost to society created by market inefficiency, often associated with the distortionary effects of taxes and subsidies.

Tax Revenue

The income that is gained by governments through taxation, used to fund public services and government obligations.

Excess Burden

The economic loss that society suffers due to market inefficiencies or taxes beyond the collected tax revenue.

Economic Decisions

Choices made by individuals, firms, or governments regarding the allocation of scarce resources to satisfy needs and desires.