Three Conditions Are Necessary for Gray Markets to Develop

question 72

Essay

Three conditions are necessary for gray markets to develop. The conditions include:
(a) Availability of products in other markets, (b) limited trade barriers, and (c)
_______________________.

---

Definitions:

Attractive

Refers to the quality of being appealing or pleasing in appearance or other characteristics.

High Status

A position of great importance, prestige, or rank within a social group or structure.

Social Cognitive Theory

A framework for understanding, predicting, and changing human behavior that emphasizes the importance of observational learning, self-efficacy, and reciprocal determinism.

Attractive

Having qualities that arouse interest or desire, often used in the context of physical appearance, but can apply to personality, objects, or concepts.