A couple living in the United States travels to China and buys huge amounts of designer purses for a much lower price than could be purchased at home.They import the purses back into the States where they sell them for less than the normal market price.The purses are considered to be

Question

Quizplus · Accepted Answer

The purses are being bought and imported legally, but are being sold for less than the normal market price, which falls under the definition of gray market goods. They are not black market or smuggled goods, as they are being legally purchased and imported. They are also not illegal imports or contraband, as they are not prohibited items.

A Couple Living in the United States Travels to China