"A generic term is one that refers, or has come to be understood as referring, to the genus of which the particular product is a species". $($Blinded Veterans Ass'n v$.$ Blinded Am$.$ Veterans Found., $277$ U$.$S$.$ App. D$.$C$.65,872$ F$.2$d $1035,1039($D$.$C$.$ Cir. $1989)).$

Explain the import and$/$or tenor of this dictum with reference to the statutory requisite for a trademark to be distinctive and how this can affect competition in the country.