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Business English Exercises
 

Gray Market Goods

Answers to test questions and links to explanations

Home > Teaching Business English > Business English Lessons, Advanced Level # 405
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gray market goods answer 1
The problem of grey market goods has been plaguing the judicial system for many years, with judges trying to define trademark and copyright holders' rights.

Correct answer: (c) plaguing

Meaning of business term plaguing
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gray market goods, question 1 gray market goods, mergers acquisitions words plaguing, coalesced, constitutes, what does plaguing mean?

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gray market goods answer 2
In the case of trademarks, the courts have coalesced around the guideline that goods intended for outside the United States with the US trademark holder's approval, when imported, will be an infringement only if such 'foreign' products differ significantly from the ones sold in the US.

Correct answer: (a) coalesced

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gray market goods, question 2 real estate words pivotal, ferocity, array, peer, what does coalesced mean?

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gray market goods answer 3
What constitutes a'significant' difference, needless to say, varies among products.

Correct answer: (c) constitutes

Meaning of business term constitutes
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gray market goods, question 3 retirement words perish, inseparable, ownership, deterioration, what does constitutes mean?

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gray market goods answer 4
For instance, Coke bottles sold in Panama were found significantly different: the Spanish labels did not list the contents, while the packaging and shipping caused the Panamanian bottles to be susceptible to product spoilage and leaking.

Correct answer: (c) susceptible

Meaning of business term susceptible
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gray market goods, question 4 terms of stock haphazard, meet, central, fall, address, what does susceptible mean?

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gray market goods answer 5
The Federal Court of Appeals has added a caveat to this guideline, considering that goods don't substantially vary if the trademark holder has allowed foreign-directed goods into the US in a way that all or materially all of the United States sales are not the American version of the product.

Correct answer: (a) caveat

Meaning of business term caveat
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gray market goods, question 5 technical analysis words event, firm, spiral, alternative, cost of, what does caveat mean?

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gray market goods answer 6
In another case, Elk Corporation brought their case under 21 USC 1209 before the United States International Trade Commission.

Correct answer: (a) before

Meaning of business term before
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gray market goods, question 6 gray market goods, trading words balanced, hedge, commitment, exchange, what does before mean?

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gray market goods answer 7
The Administrative Law Judge of the USITC held in favour of Elk, stating that numerous substantial differences clearly existed between the cultivators sold by Elk in the US and their European models, and included differences in the services offered along with the cultivators.

Correct answer: (b) held

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gray market goods, question 7 venture capital words ex-all, mutual, trust fund, little, what does held mean? what is the definition for held?

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gray market goods answer 8
While the respondents gave evidence showing that Elk had authorized sales of these machines in the United States, the judge placed the burden of proof upon them to establish that Elk had approved those sales and that the quantity of sales was material.

Correct answer: (a) burden

Meaning of business term burden
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gray market goods, question 8 accounting terminology flow, original, prime, class, restricted, what does burden mean?

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gray market goods answer 9
In spite of the fact that the respondents had raised the point as a defense, the judge stated that Elk was required to establish a prima facie case that materially all of its US sales conformed to the American version of the cultivator.

Correct answer: (b) facie

Meaning of business term facie
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gray market goods, question 9 list of bonds words american, costing, open market, london, what does facie mean?

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gray market goods answer 10
That is to say, first Elk needed to establish a United States standard against which the alleged substantial variations of the European model were to be mensurated.

Correct answer: (a) alleged

Meaning of business term alleged
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gray market goods, question 10 lending credit vocab pool, compliant, novelty, paramount, what does alleged mean?

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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
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EFL/ESL Links: Routing OrdersBanking term list direct, taxable, straddle, secured, confidentialityRouting Orders (Answers)Accounting terminology flow, original, prime, class, restrictedPending BenefitsInvestor relations terms nonlegal, jointly, listed, waitingPending Benefits (Answers)Venture capital words ex-all, mutual, trust fund, littleThe Best of Both WorldsBusiness words due, preferred, spread, sleeper, couponThe Best of Both Worlds (Answers)Trading words balanced, hedge, commitment, exchangeVirtual EconomyInsurance vocabulary actuarial, suitability, remics, inflectionVirtual Economy (Answers)Technical analysis words event, firm, spiral, alternative, cost ofMarketing StrategyFinancial words device, inform, spreading, foremost, makesMarketing Strategy (Answers)Terms of stock haphazard, meet, central, fall, addressServices MarketingBusiness vocabulary disposition, lifelong, induction, facingServices Marketing (Answers)Retirement words perish, inseparable, ownership, deteriorationUniversity Public RelationsDividends words debacle, inestimably, exemplary, facetedUniversity Public Relations (Answers)Real estate words pivotal, ferocity, array, peerESL test: Gray Market Goods • Ipos terminology alleged, facie, burden, held, beforeESL Audio Online - English MP3 - English Pronunciation
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