A Large Portion of Consumers Are Likely to Select a Counterfeit

question 46

Short Answer

A large portion of consumers are likely to select a counterfeit apparel item over a genuine good when there is a price advantage, primarily because ____________________ risks are low for apparel, while prestige gains are high.

---

Definitions:

Bank Service Charge

Fees charged by a bank for the maintenance of an account and for providing various banking services.

Note Receivable

A financial asset representing a written promise for the repayment of a loan or debt within a specific timeframe.

Note Payable

A written promise to pay a specified amount of money, usually including interest, at a future date.

Bank Statement

A summary of financial transactions that occurred over a period of time on a bank account held by a person or business with a financial institution.