Examlex
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Gray Market
A situation where products are sold through unauthorized channels, often legally, but without the consent of the original manufacturer.
Manufacturer's Suggested Retail Price
The price that the maker of a product recommends it be sold for in retail stores, often seen as a way to standardize prices and maintain a perceived value.
Authorized Channels
Officially approved and recognized paths or mediums through which products or information are distributed, ensuring legitimacy and compliance with regulations.
Protectionism
A government policy aimed at restricting international trade to protect domestic industries from foreign competition.
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