Question

In: Economics

Why do you think counterfeiting is so popular in places like India? Have you had any...

Why do you think counterfeiting is so popular in places like India? Have you had any experience buying counterfeit goods? What are companies doing to fight against counterfeit products?

Solutions

Expert Solution

In India counterfeit is popular in products like saffron certain spices and precious gems .It is popular in these product because generally people don’t have knowledge to find out which is original and which is fake It requires skill to differentiate between original and fake secondly in India there is huge unorganized market like street vendor selling product on streets so you can’t confront them of selling counterfeit product because next day they might not be present over their

I have experienced of buying fake saffron and fake honey but after using it I easily came to know that these are fake products.

Instead of companies government is doing a lot to curb counterfeiting of product for industrial product there is as isi certification which counterfeit product can’t get .There is iso 9001 certification which means a company is producing quality product for food items there is a agmark certification which indicates it is quality agriculture product .


Related Solutions

1. Why do you think counterfeiting is so popular in places like India? Have you had...
1. Why do you think counterfeiting is so popular in places like India? Have you had any experience buying counterfeit goods? What are companies doing to fight against counterfeit products? 2. The book lists many advantages and disadvantages of small business ownership, which do you agree with the most? Would you start a business?  How are websites like Kickstarter and Gofundme helping with small business ownership?
Why do you think bite-size candies are so popular with adults? (Hershey)
Why do you think bite-size candies are so popular with adults? (Hershey)
Why do people like things called natural but so rarely think this through. Look at any...
Why do people like things called natural but so rarely think this through. Look at any can of Coke and it says Natural Ingredients, well which ingredients are not natural? Atom bombs are made from natural uranium and . Why is one thing called natural and another is not? Is "natural" just something we call things we like and unnatural things we do not like. In the United States and England up until the 1950s, and some in countries to...
Why do you think leasing is as popular as it is in practice?
Why do you think leasing is as popular as it is in practice?
Why do you think bite-size candies are so popular with adults? Case Hershey page 383 of...
Why do you think bite-size candies are so popular with adults? Case Hershey page 383 of book consumer behavior
You would like to expand overseas into a country like India. What issues do you have...
You would like to expand overseas into a country like India. What issues do you have to be concerned about in marketing your product in a foreign county?   What avenues or services are available to you if you wanted to market your product overseas? Describe each of the ways.
What do you think about this so-called “Shareholder vs. Stakeholder” debate? Do you have any personal...
What do you think about this so-called “Shareholder vs. Stakeholder” debate? Do you have any personal experiences where you have observed the effects of this debate in terms of corporate actions? On which side of the argument do you come down on and why?
Why do you think IRR continues to be as popular in practice as it is? Additionally...
Why do you think IRR continues to be as popular in practice as it is? Additionally if you were looking at a sizable investment in a product line -- what additional method(s) would you use to make the decision and why?
Do you think Apple is engaged in any monopolistic practices? If so, what are they?
Do you think Apple is engaged in any monopolistic practices? If so, what are they?
A carbon tax is not popular among many voters. Why do you think this is the...
A carbon tax is not popular among many voters. Why do you think this is the case?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT