Which of the following is a marketplace of underground transactions that typically appear because a product is either illegal or tightly regulated?
A) black market
B) niche market
C) two-sided market
D) vertical market
Question 2
Product life cycles are becoming shorter because companies are undertaking new product development at an increasingly rapid pace.
Indicate whether the statement is true or false
Question 3
Which of the following is true of counterfeit goods?
A) Developed nations normally have the most active counterfeiting markets.
B) Counterfeiting is more common among less visible local brands than global brands.
C) Most counterfeit products are imitations of products that normally enjoy legal protection.
D) Engineered industrial components and medicines are among the few categories of products that cannot be counterfeited.
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