What are some strategies for overcoming the impact

Assignment Help Business Law and Ethics

Reference no: EM133613288

Case: Counterfeit products are fake goods or services that have been produced with the intention of deceiving others. This could include knock-off clothing and accessories, imitation electronics, or even fake copies of software. Counterfeiters typically produce these goods using substandard materials and processes in order to maximize their profits.

For example, a counterfeiter might produce fake purses using cheap leather and counterfeit designer labels. The counterfeit bags may look similar to the real thing, but they won't last nearly as long or have the same quality of materials.

Counterfeiting products can lead to a number of problems such as lost sales and revenue for the legitimate business. Additionally, it can be difficult for consumers to tell the difference between real and fake products, which can lead to a loss of trust in the company's brand or product. Piracy is known in the digital world as a form of stealing digital property such as movies, TV shows, and other digital media. Piracy is illegal in Canada and many other countries.

A black market is a hidden market or network of trades that include some element of lawlessness or is defined by some form of defiance of institutional laws. Suppose the standard denotes a system of labor and products whose creation and distribution are regulated by law; in that case, defiance of the standard entails black market trading because the actual transaction is illegal.

Question 1

UNITED NATIONS, WIPO, IACC, INTERPOL, WTO, RCMP and other organizations combat Counterfeiting, Piracy & Black Markets in various ways. Discuss fully how different organizations view the scope of the problems and how they individually address & proceed on the elimination of said issues.

Question 2

What are some strategies for overcoming the impact of counterfeiting? Which strategies work best for discretionary (for instance, movies) versus non-discretionary (e.g.pharmaceutical) goods?

Question 3

Are international companies simply afraid to speak out against counterfeiting in potentially lucrative emerging markets for fear of being denied access to them?

Question 4

Dealing with software piracy and counterfeiting is a major disadvantage of doing business with China. Indicate whether the statement is true or false.

Question 5

Why do you think counterfeiting is so popular in places like India? What are companies doing to fight against counterfeit products?

Question 6

Explain the effect of counterfeit goods and black markets on international product strategies.

What will be an ideal response?

Question 7

You are a manufacturer of high-end leather goods. How can process and/or product innovation protect you from counterfeiters that are currently selling products that look almost exactly like yours? You have already lost $1,000,000 in sales to counterfeiters so far this year.

Reference no: EM133613288

Questions Cloud

Have you ever been employed at a workplace : Have you ever been employed at a workplace which did not comply with safety regulations - Send your initial contributions by replying to this post and everyone

Discuss crime of disorderly conduct pertaining to engaging : Discuss the crime of disorderly conduct pertaining to engaging in fighting or threatening violent behavior; creating unreasonable noise, offensive utterances.

Explain what the reasonably prudent person standard is : Explain what the reasonably prudent person standard is and how it applies to the tort of negligence. Be specific and support your analysis with legal principles

How does the theory relate to and explain criminal behavior : Main focus should be on the describing the main components/ tenets of the theory. How does the theory relate to and explain criminal behavior?

What are some strategies for overcoming the impact : What are some strategies for overcoming the impact of counterfeiting? Which strategies work best for discretionary (for instance, movies) versus non-discretiona

What stakeholders should healthcare administrator approach : Should the healthcare administrator approach when developing a plan to market the services to reach as many homeless people as possible in the community?

How social media influence crime : How social media influence crime? Where did you find this article? Its relevance to your topic? How did you decide it was relevant?

How you support your opinion and draw conclusions : Important aspect of the opinion paper is how you support your opinion and draw conclusions. Theoretical support of your opinion is required, as is a minimum

Evaluate the export readiness to enter a foreign market : Evaluate the export readiness to enter a foreign market and Identify an existing product to be exported Identify a country where the product can be exported to

User Account

All Pages