Genericization occurs when a trademark has lost its distinctiveness and becomes a general term describing a type of product rather than a specific company's product.
Answer the following statement true (T) or false (F)
True
When a mark ceases to be distinctive and is generally used, genericization removes the mark's protections.
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The available purchasing power in an economy depends on current income, prices, savings, debt, and credit availability
Indicate whether the statement is true or false
Accounts store the monetary information from the recording of transactions
Indicate whether the statement is true or false
Normal capacity is the average annual level of operating capacity needed to meet expected sales demand
Indicate whether the statement is true or false
Which of the following is a good indicator of management's strong commitment to product quality?
a. Product recalls increased as a percentage of sales b. Nonconformance costs increased as a percentage of total quality costs c. Customer service costs reduced by 70 percent over the previous year d. High costs of conformance to quality