Counterfeiting, A Growing Worldwide Problem
Counterfeiting, A Growing Worldwide Problem
Aug 14, 2011 6
Counterfeiting is an enormous problem for businesses all over the world. Counterfeiters rip off name brand products, making cheap knock-offs, easily (and conservatively) costing many hundreds of millions of dollars each year. According to the International Quality & Productivity Center: “The counterfeit and gray market luxury goods trade is so big that experts estimate it to be anywhere from $300 – $600 billion globally.”
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