A situation in which products are bought in a lower-priced country from a manufacturer's authorized reseller, shipped to higher-priced countries, and then sold through unauthorized retailers below the manufacturer's suggested retail price is referred to as
A) the black market.
B) a gray market.
C) dumping.
D) a globalized market.
E) parallel exporting.

Question

Quizplus · Accepted Answer

A gray market involves the unauthorized selling of products through channels not intended by the original manufacturer, often exploiting price differences between countries.

A Situation in Which Products Are Bought in a Lower-Priced