A ________ exists when an unauthorized party imports products and then sells them for a fraction of the price of authorized products.
A) gray market
B) geocentric system
C) polycentric system
D) black market
E) dumping ground

Question

Quizplus · Accepted Answer

A gray market exists when an unauthorized party imports products and then sells them for a fraction of the price of authorized products. This can occur when the authorized distributor in a certain country has a higher price for the product, prompting consumers to seek out cheaper alternatives from alternate sources.

A ________ Exists When an Unauthorized Party Imports Products and Then