What is "parallel importing"?
A)Parallel importing is where similar goods are sourced from different countries according to supply and demand
B)Parallel importing is where goods that are sold in different countries at varying prices are exported from low to high price countries
C)Parallel importing is where goods are sourced from different countries taking advantage of different taxation rates
D)All of the above

Question

Quizplus · Accepted Answer

Parallel importing, also known as grey market importing, is the practice of purchasing genuine products from a distributor in one country and then exporting and reselling them in another country. This is done to take advantage of price differentials between different regions. The products are typically sold for a lower price in the country of purchase and then re-imported into a country where the manufacturer or distributor has set a higher price. This practice is technically legal, but it may infringe on intellectual property rights and can damage the reputation of the brand. Choice B accurately describes parallel importing.

What Is "Parallel Importing