Products manufactured under license from a U.S.firm and then sold in the U.S.market in competition with that firm's own domestic output are called _____ goods.

Question

Quizplus · Accepted Answer

Gray goods refer to products that are manufactured under license from a U.S. firm and then sold in the U.S. market in competition with that firm's own domestic output. Gray goods are often sold at a lower price than the original products, which can lead to market confusion and in some cases, harm to the original manufacturer's reputation.

Products Manufactured Under License from a U