what should a bussiness do when competitors have counterfeit goodshurting their sales?

what should a bussiness do when competitors have counterfeit goods hurting their sales?

Expert Solution

In a business, businessmen make counterfeit goods of inferior quality which sold under another brand name without brand owners authorisation. Other sellers violates copyright, patent or trademarks rights. These counterfeit goods hurts sales of main buisness. In such a case the marketing team of the business should have to identify these spams and frauds from market. Then the legal action is valid once they find that theire trademarks, patent or copyrights are being violated. After proper legal procedure, they will get the amount of loss from the opposition and the opposition then will have no power to produce counterfeit goods. As then the counterfeit goods will be stopped, the sales of buisness will automatically increase as now they have market of their own.

Rahul Sunny answered 2 years ago

What is Counterfeit medications and their negative impacts on health care? paragraph What are Counterfeit drugs:...

What is Counterfeit medications and their negative impacts on health care? paragraph What are Counterfeit drugs: a growing, global threat ? paragraph

What are the impacts of religion on bussiness?

Is LA Fitness's approach a suitable response to low-cost competitors? What should they do differently according...

Is LA Fitness's approach a suitable response to low-cost competitors? What should they do differently according to the consultants A.T. Kearney?

What role do consumers play in the counterfeit products market? Are consumers ultimately responsible?

24. What should you do when you have two records that represent the same entity, but...

24. What should you do when you have two records that represent the same entity, but both entries have been used in transactions? a. Merge the two records. b. Delete the two records. c. Merge the transactions that use the entity. d. Delete the transactions that use the entity. 25. Which statement reflects a valid reason for issuing a vendor credit? a. The vendor increases their bill. b. The vendor reduces their prices. c. The vendor owes the business for...

I have a question on standard costing. What should management do when actual cost exceeds the...

I have a question on standard costing. What should management do when actual cost exceeds the standard cost?

what are good topic's for a research papers on bussiness?

Discuss what should be the objectives that an ideal democratic government should have in mind when...

Discuss what should be the objectives that an ideal democratic government should have in mind when designing a mechanism for the reallocation of the electromagnetic spectrum. This is not a question about your own personal values, but rather about how to aggregate the individual values of different members of society. That is, I expect you to base your answer almost entirely on the different notions of social welfare in economics as pareto efficiency and utilitarianism

Two of the key actors in the microenvironment All organisations have competitors! or do they? Can...

Two of the key actors in the microenvironment All organisations have competitors! or do they? Can you think of an organisation that does not have any competitors? (Hint: remember indirect competition!) Explain

When seeking sales growth by acquiring existing category users from their competitors, what is the market penetration share percentage for Company D?

Five brands are competing in the market.Company A has 35,000 units sold at $5.00/unit. It sold to 7,000 households in market size of 84,000.Company B has 12,000 units sold and revenues of $54,000 for these units. It sold to 3,000 households in market size of 21,000.Company C has 14,000 units sold at $5.50/unit. The average household purchase was 2 units. Its market size of 105,000.Company D has 5,000 units sold at $6.00/unit. It sold to 833 households in market size...

Question