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A grey market or dark market (sometimes confused with the similar term "parallel market") [1] [2] is the trade of a commodity through distribution channels that are not authorised by the original manufacturer or trademark proprietor. Grey market products (grey goods) are products traded outside the authorised manufacturer's channel.
The Gray Blog is a blog dedicated to parallel market legal issues. Australian Library and Information Association - Statement on Parallel Importing Statement on parallel import and export, or parallel trade Archived 13 April 2018 at the Wayback Machine
In an unregulated market, prices of credence goods tend to converge, i.e. the same flat rate is charged for high and low value goods. The reason is that suppliers of credence goods tend to overcharge for low value goods, since the customers are not aware of the low value, while competitive pressures force down the price of high value goods. [6]
But the rise of technology has led to an evolved "black market" -- and rather than exotic animals and tangible exports, data like credit card information and even streaming accounts are up for grabs.
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Penetrating the market via the grey market first, is a valid market entry strategy. [46] The Lamborghini Countach was initially only available as a grey market vehicle (from 1976 to 1985), as were the Range Rover and Mercedes-Benz G-Class. [27] These automakers later made US models to meet the demand. [47]
The Alliance for Gray Market and Counterfeit Abatement (AGMA) is a District of Columbia-based non-profit organization of information technology (IT) companies that works to educate and raise awareness on counterfeiting; digital IP protection; service and warranty abuse; and the gray market. The term grey market refers to the sale of branded ...
Merchandise exports are goods that are produced in one country and sold to another country. Only physical objects are counting under this kind of exports. For example, cars, clothing, machinery, and agricultural products are merchandise exports. Exports of services are excluded.