A(n)_______ market legally circumvents authorized channels of distribution to sell goods at prices lower than those intended by the manufacturer.
A) black
B) outsourced
C) gray
D) oligopolistic
E) unauthorized

Question

Quizplus · Accepted Answer

A gray market involves the sale of goods through unauthorized channels but is not illegal like a black market. Gray market sellers procure products outside the manufacturer's authorized distribution network and sell them at lower prices, often undercutting authorized retailers.

A(n)_______ Market Legally Circumvents Authorized Channels of Distribution to Sell