Question
General Knowledge Question on Economy
What is a grey market?
A
The trade of a commodity which is unbranded
B
The trade of a commodity which is recognized as a counterfeit product
C
The trade of a commodity for which the country of origin is not mentioned
D
The trade of a commodity for which the taxes are evaded
E
The trade of a commodity through distribution channels not authorized by the manufacturer
Answer
The trade of a commodity through distribution channels not authorized by the manufacturer
Explanation
Solution
The correct answer is option (E):The trade of a commodity through distribution channels not authorized by the manufacturer