Intellectual Property Rights Violations Have Been a Major Problem in China

question 53

Multiple Choice

Intellectual property rights violations have been a major problem in China. Which of the following strategic options could be available to international marketers
In the area of product piracy?

• A) customs.
• B) lobbying activities.
• C) legal action.
• D) product policy options.
• E) all of the above.

---

Definitions:

Moral-Hazard Problem

A situation in which one party engages in risky behavior knowing that it is protected against the risk because another party will incur any resulting costs.

Monitoring

The process of systematically observing, checking, and recording activities or data to ensure proper compliance or performance.

Moral Hazard Problem

The risk that one party to a transaction takes on more risk because it knows that the other party bears the consequences of those risks.

High-End

Products or services that are considered to be of the highest quality and typically sold at a premium price.