Parallel Importing Is Also Known as

question 34

Multiple Choice

Parallel importing is also known as

• A) secondary wholesaling.
• B) black marketing.
• C) backwashing.
• D) industrial piracy.
• E) smuggling.

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Definitions:

Upstream Costs

Expenses incurred in the preliminary stages of the product development cycle, such as research and development or raw material extraction.

Research And Development

Encompasses the investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.

Overhead Rate

A method for distributing overhead expenses to goods or services, usually depicted as a ratio or percentage.

Direct Labour

The labor costs of employees who are directly involved in the manufacturing or production process of goods.