Which of the following statements regarding the gray market is true?
A)The gray market involves the illegal buying and selling of goods.
B)The interconnected nature of world economies has made it easier for firms to track gray market exchanges.
C)Gray market exchanges occur when the price of an item is the same in both countries where the exchange occurs.
D)Gray market goods allow consumers to purchase items for less than they could normally.
E)The gray market is a benefit for manufacturers,but not for consumers.

Question

Quizplus · Accepted Answer

Gray market goods are authentic products that are sold outside of the manufacturer's authorized distribution channels. These goods are legal, but they may not come with the same warranties or support as products sold through official channels. Because gray market goods are often sold at a lower price than products sold through authorized channels, consumers can purchase items for less than they could normally.

Which of the Following Statements Regarding the Gray Market Is