Before Apple's iPhone 8 was officially for sale in China, it was being sold there. These phones were purchased in the United States, Hong Kong, and other markets, and then resold by unauthorized vendors in China for between $1,700 and $2,500. 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 involves the unauthorized sale of products through channels that are not officially sanctioned by the original manufacturer, often involving the import and resale of goods across borders.

Before Apple's IPhone 8 Was Officially for Sale in China