Counterfeits – Business Ethics 1) Explain the link between in rise of globalization and the surge in counterfeit products. From cultural and legal perspective‚ how would you evaluate counterfeiting as an ethical issue for business (a) in the West and (b) in the developing world? What potential solutions could we think of to address counterfeiting? The rise of globalization‚ as everything‚ has good and bad consequences and one of that is the increase of counterfeit products. With globalization
Free Developing country Developed country Ethics
Why people buy counterfeit brands First of all it is important to say that there are two types of counterfeit product purchases by consumers. Deceptive counterfeiting takes place where the consumer does not know that they have purchased a counterfeit product. In contrast‚ non-deceptive purchases of counterfeit products take place where the consumer willingly buys the counterfeit products. We’re dealing here with the latter type of purchase. If lawmakers and the producers of genuine branded goods
Premium Counterfeit Fake Fraud
China’s Counterfeit industry and its global effects Introduction As global most competitive manufacturing hub‚ China attracts many global companies set up production bases. However‚ accompanying with the increasing development of China’s manufacturing industry‚ more and more fake products made in China rushed into market which concerns almost all industries‚ the most affected industries among which are electronics‚ garment‚ handbags‚ cosmetics‚ toys‚ and shoes which are closely related to consumer’s
Premium Counterfeit Manufacturing Trademark
"Counterfeit Goods Pose Real Threat; Counterfeit Goods Result in Loss of Jobs as Well as Revenue. But of Even Greater Concern Is the Way This Global Black Market Is Funding Terrorist and Criminal Organizations." CBS Interactive. CBS Interactive Business Network‚ 10 Nov. 2003. Web. 28 Feb. 2012. Textual Support 1: “FBI and customs and border agents estimate sales of counterfeit goods are lining the pockets of criminal organizations to the tune of about $500 billion in sales per year. By midyear
Premium Counterfeit
Counterfeit Money Counterfeit money is currency that is produced without the legal sanction of the state or government and it is a deliberate violation of that country ’s laws. Counterfeiting is almost as old as money itself. The main objective of counterfeiting is obvious. If you could do it without getting caught‚ you would be able to print your own money and buy whatever you want with it. Counterfeiting is the ultimate technology for people who want to get something for nothing. Anybody
Premium Counterfeit Money Fraud
Asia and the Issue of Counterfeit Products October 4‚ 2006 Discussion I. Countries & Products II. Reasons behind the issue 1) Profitability 2) Demand is strong 3) Penalties are low 4) Good way to launder money III. Consequences of counterfeit products 1) Lost revenues 2) Tarnished company image 3) Societal Costs (1) Child Labor (2) Sweatshops 4) Consumer effects (1) Fire (2) Harm‚ death 5) Lost wages and jobs 6) Criminal Activity (1) Terrorist funding (2) Organized Crime
Premium Copyright infringement Windows Genuine Advantage Counterfeit
How to detect counterfeit money On a day to day basis we are constantly dealing with cash‚ most of the time we do not even stop to pay attention to the details and markings that are on these many bills. In fact‚ it is a good chance that maybe; you are holding a counterfeited bill. Counterfeiting money is one of the oldest crimes in history. During the Civil War‚ it is estimated nearly one-third of all currency circulating around the United States‚ was counterfeited. In the next four to six minutes
Premium Counterfeit Fraud Money
An important point to be noted in achieving this is to tackle the problem of counterfeit medicine in Malaysia. Counterfeit medicine is fake medicine. It may be contaminated or contain the wrong or no active ingredient. They could have the right active ingredient but at the wrong dose. Counterfeit drugs are illegal and may be harmful to your health.[3] The advent of counterfeit medicine causes a myriad of consequences in both the economy and health of the public. One of the identified
Premium Pharmacology Pharmaceutical drug Authentication
How to spot Counterfeit Money How to Spot Counterfeit Money Counterfeit money is more common than one might think. It comes in all denominations‚ styles‚ and colors. Becoming more familiar with United States currency and knowing how to recognize counterfeit money‚ especially by the quality of printing and paper characteristics‚ will help protect against the possibility of successful counterfeiters. Counterfeit Watermarks and Portraits. Two of the most obvious features of a bill are the portrait
Premium United States dollar Number Currency
Counterfeit Introduction: “Customs officials have seized 10‚000 counterfeit Olympic flags at Heathrow Airport. The flags‚ which display the Olympic rings on a white background‚ could be sold for about £100‚000‚ the Border Force said. They were sent from China and were due to be delivered to an importer in Norwood‚ south London. The importer of the flags is not thought to have been aware they were fakes. The Border Force revealed its officers seized the flags last week. Locog confirmed they
Premium Brand Counterfeit Luxury good