What a bargain! Wait til you see the deal I got! This is too good to be true! . . . all gemon expressions from shoppers who thought they bought a $700 designer handbag for $100. Then there are those who remark . . . Yes, I know it's a fake, but "everyone" buys them!
Welgee to the world of counterfeit goods! Whether you label them fakes, replicas, look-alikes, reproductions or knockoffs . . . it is still called product counterfeiting and it is BIG business. According to the Department of gemerce, losses to U.S. businesses from the counterfeiting of trademarked consumer products are estimated at $200 billion a year.
In the resale industry we most often think of knockoff designer purses, shoes, jeans, watches and scarves when we consider counterfeit merchandise. However, that is not the whole story . . . counterfeit products, along with the repercussions and dangers they present, are far more widespread. gemon counterfeit products include auto parts, airplane parts, apparel, cosmetics, sunglasses, geputer software, fragrances, children's toys, medicines, health and beauty aids, food products . . . and more. Most people do not even consider the potential hazards of counterfeit products. Acts of counterfeiting can and do create severe public health risks and safety hazards as well as economic harm.
Here are a few examples of the threat counterfeiting poses to our safety and economy: [ Counterfeit auto parts, notably brake pads, have caused deaths. [ Counterfeit shampoo sometimes contains bacteria and has caused hair loss. [ Replica children's clothing is usually not flame retardant and can be a fire hazard. [ Counterfeit toys with small, sharp, breakable parts pose a choking hazard to small children. [ Baby formula with counterfeit Similac labels was reported to have caused rashes
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