Which of the following best describes gray markets?
A) They are markets where goods or services are illegally trafficked outside the formal ones supported by established state power.
B) They are legal markets for goods and services where all the distribution takes place through legal channels.
C) They refer to the distribution of used, repaired, recycled, or discontinued products that are in working condition through legal brokers and resellers.
D) They refer to authentic and legitimately manufactured trademark items that are produced and purchased abroad but imported by bypassing designated channels.

Question

Quizplus · Accepted Answer

Gray markets refer to the distribution of authentic and legitimately manufactured trademark items which are produced and purchased abroad but imported by bypassing designated channels. This practice is legal but may still violate agreements between manufacturers and authorized sellers.

Which of the Following Best Describes Gray Markets