Grey Market Definition
XAT 2022 · General Knowledge · Easy · General Knowledge
What is a grey market?
- A.
The trade of a commodity which is recognized as a counterfeit product
- B.
The trade of a commodity which is unbranded
- C.
The trade of a commodity for which the country of origin is not mentioned
- D.
The trade of a commodity for which the taxes are evaded
- E.
The trade of a commodity through distribution channels not authorized by the manufacturer
Answer
E
Explanation
A grey market refers to the trade of a commodity through distribution channels that are legal but unofficial/unauthorized by the original manufacturer.
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