3. What Does Gray Market Mean?
1. An unofficial market where new issues of
shares are bought and sold before they
become officially available for trading on the
stock exchange.
2. The sale or import of goods by
unauthorized dealers.
4. Counterfeit Goods
– What are they?
A counterfeit is a good which is identical but not
genuine, or substantially indistinguishable from,
a registered mark
Grey Market Goods (also “parallel imports”)
– What are they?
When someone other than the designated
exclusive importer buys genuine trademarked
goods outside of a country (e.g. Ireland) and
imports them for sale in the Ireland in
competition with the exclusive Ireland importers.
5. -Where they are mainly active
Pharmaceuticals
Electronics
Automobiles
Tobacco
Alcohol
Fashion goods(perfumes, jewelry and bags)
currency
6.
The 45+ grey market accounts for 36% of the
population in NI and 33% of the population in
RoI.
The population of this market is forecast to
increase by 8.5% in RoI and 7.1% in NI by
2008, meaning that the grey market accounts
for the majority of population increase.
Average earnings of this group have also
been increasing at a higher rate than those of
adults under 40 years.
market research.com
7.
8. Advantages
-Cost of operations cut as no middlemen/distributors are involved.
-Brand reaches every tangible market
-Profits are usually much higher as scale of distribution is larger.
Disadvantages
- May breach quiet a few trade norms
- legally trademarked goods sold through unauthorized channels
- Copyright laws are usually breached
- Tariffs/ Pricing Issues