The Ryan Group,an importing organization in New York,has just bought an excessive amount of perfume from perfume manufacturer in Paris.Unknown to the perfume manufacturer,The Ryan Group has sold 25 percent of its order to distributors in France that have been unable to purchase any products from the perfume manufacturer.Which of the following best describes the transaction that has just taken place?

Question

Quizplus · Accepted Answer

This transaction is an example of parallel importing, which involves the unauthorized import of genuine branded products from one country to another without the permission of the brand owner. The Ryan Group purchased the perfume from the manufacturer in Paris and then sold it to distributors in France who were unable to purchase products directly from the manufacturer. This is considered parallel importing because the perfume is genuine and was not produced specifically for this market, but it was imported and sold without the brand owner's permission.

The Ryan Group,an Importing Organization in New York,has Just Bought