Before Apple's iPhone X was officially for sale in China, it was being sold there. These phones were purchased in other countries like the United States and then resold by unauthorized vendors in China for up to 30% over the retail price. These products are considered to be part of
A) under-the-counter sales.
B) over-the-counter sales.
C) the gray market.
D) integrated global channels.
E) breaking the distribution monopoly.

Question

Quizplus · Accepted Answer

The gray market refers to the trade of a commodity through distribution channels that are legal but unintended by the original manufacturer. In this case, iPhones were purchased legally in one country and resold in another without Apple's authorization.

Before Apple's IPhone X Was Officially for Sale in China