All of the following are consequences of counterfeiting as noted in the Chapter 4 Strategic Focus EXCEPT
A) Job losses in companies making the legitimate versions of the products.
B) Damage to the reputation of the firms producing the legitimate products.
C) Losses in tax revenue in the home countries of firms producing the legitimate products.
D) Higher paying jobs and taxes in the countries where the counterfeiting takes place.

Question

Quizplus · Accepted Answer

Counterfeiting can lead to higher paying jobs and taxes in the countries where it takes place, as the counterfeit market can create a demand for workers and stimulate economic activity. However, job losses, damage to reputation, and losses in tax revenue in the home countries of firms producing legitimate products are all consequences of counterfeiting that are noted in the chapter.

All of the Following Are Consequences of Counterfeiting as Noted