How Do Multinationals Try to Prevent Grey Markets

question 27

Essay

How do multinationals try to prevent grey markets?

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Definitions:

Negligent Misrepresentation

An incorrect or false statement of fact, made without the required care, that misleads the recipient thus causing injury.

Fraudulent Misrepresentation

A false statement of fact made knowingly, or without belief in its truth, or recklessly, intending another party to act upon it, resulting in loss.

Monetary Compensation

Financial payment given to an individual or entity for loss, suffering, or injury as a form of restitution.

Rescission

The act of cancelling a contract and returning all involved parties to the positions they were in before the contract was made.