Economic Indicator: Even Cheaper Knockoffs
August 2, 2010 Edited by Brahm Canzer
Filed under Part 6 Managing Financial Resources
Description: In this economy, even counterfeiters are trading down.
Source: NYTimes.com
Date: 07/31/2010
Link: http://www.nytimes.com/2010/08/01/business/economy/01knockoff.html?ref=business
Questions for discussion:
- What are the reasons presented for the move towards cheaper knockoffs?
- What can firms do about this problem?
- How is this activity an economic indicator?
