A ________ exists when an unauthorized party imports products and then sells them for a fraction of the price of authorized products.
A) gray market
B) dual distribution system
C) disintermediation system
D) black market
E) dumping ground

Question

Quizplus · Accepted Answer

A gray market exists when an unauthorized party imports products and then sells them for a fraction of the price of authorized products. This can occur when products are sold in countries with lower prices, and then imported and resold in countries with higher prices. It is not a black market, which involves illegal goods or activities, nor is it a dual distribution system or disintermediation system.

A ________ Exists When an Unauthorized Party Imports Products and Then