Counterfeit Flashcards
1
Q
Where are counterfeit goods important?
A
- into countries like South Africa
2
Q
Where do counterfeits come from?
A
- mainly far East
- eg. China
3
Q
Where are counterfeit goods generally sold?
A
- the informal market
4
Q
How is counterfeit brought into the country?
A
- containers that are mis-labelled with false documents
- in luggage of travellers
5
Q
What happens with counterfeit products at customs?
A
- authorities cannot prevent all counterfeit goods from coming into the country
- police conduct raids at the point of sale
6
Q
Why is it difficult to stop the trade of counterfeit goods?
A
- informal traders have no fixed address
- move their stalls often to avoid being apprehended
7
Q
Who is affected by brand piracy?
A
- designers
- manufacturers
- the economy
- society
8
Q
How is the original manufacturer affected by brand piracy?
A
- lose income
9
Q
How is the brand affected by brand piracy?
A
- brand image is harmed
- prevents registered trademark owners from entering markets where pirate brands are popular
10
Q
How are retailers affected by brand piracy?
A
- damages retailers who are selling legitimate products
- results in missed opportunities to create jobs
- actual job losses
11
Q
How does counterfeiting affect the economy?
A
- deprives national economies of custom duties and tax revenues
