Counterfeiting A Controversial Issue For The Country s...

France Counterfeiting is a big, controversial issue for the country’s apparel industry. Since the fashion industry began, counterfeiting has been an issue for the apparel industry worldwide. France is the strictest country against counterfeiting, â€Å"where half the 8.9 million counterfeit articles seized in 2011, were luxury goods† (Zanuso, 2012). Since France’s fashion industry is the most profitable business in the country, counterfeiting is problematic because it reduces profits, harms their economy, and it cost France thousands of jobs. It also cost France and other European countries millions every year. Since counterfeiting has been produced to resemble an original design, U.S. customs have had a hard time spotting the fakes. Counterfeiting is a multi billion-dollar industry which thrives on the illegal production, selling, and buying of counterfeit goods. The profits â€Å"often support terrorist groups, drug smugglers, sex traffickers and street gangs† (Law, 2015). Since counterfeit goods are illegal, France imposes strict fines and even jail time for those who buy the goods. â€Å"France increased the maximum fine for buying fakes to three times the retail price of the authentic product† (Frost, 2005). Besides fines, high-end fashion brands have taken it upon themselves to launch a poster campaign, in France, to stand up against counterfeiting. Seventy-five luxury brands teamed up to launch the campaign sponsored by Comità © Colbert, an an association to â€Å"promote the concept ofShow MoreRelatedWhat Are the Impacts of Rfid in Oil and Gas Supply Chain Management?21195 Words   |  85 Pagesmy knowledge and believes. Signed___________________________________ Justin Executive Summary One of the greatest phenomenon in business today is the zeal by companies, especially in the manufacturing and retail industry to gain competitive advantage through innovation and technology that can bring about reduction in cost and fast delivery while also monitoring product visibility in the supply chain. This can only be achieved if all the parties in the supply chainRead MoreInternational Management67196 Words   |  269 Pageseconomies. Most countries and regions around the world are inextricably linked, yet profound differences in institutional and cultural environments persist. The challenges for international management reflect this dynamism and the increasing unpredictability of global economic and political events. Continued growth of the emerging markets is reshaping the global balance of economic power. Many emerging markets continued to experience growth during a period in which developed countries saw their economiesRead MoreMarketing Management 14th Edition Test Bank Kotler Test Bank173911 Words   |  696 PagesDistribution management Answer: A Page Ref: 5 Objective: 2 Difficulty: Easy 3) Identify the correct statement about marketing management. A) It is primarily concerned with the systematic gathering, recording, and analysis of data about issues related to marketing products and services. B) It focuses mostly on monitoring the profitability of a companys products and services. C) It focuses solely on attaining an organizations sales goals in an efficient manner. D) It is defined as the