In: Economics
How serious is product counterfeit to popular global brands and discuss FOUR measures deployed to combat counterfeiting. list in bullet points
Product counterfeiting is the manufacturing of the replicas of the products of various brands where the product is local manufactured but it is given the brand tag to attract more demand towards the same under low pricing conditions. These illegal acts have the following effects on the brand names:
Measure taken for such acts are:
Such awareness campaigns and consumer protection laws must all together make people aware of what is real and worth using.