Before Apple's iPhone 5 was officially for sale in China, it was being sold there. These phones were purchased in the United States and Australia, and then resold by unauthorized vendors in China for between $1,700 and $2,000. These products are considered to be part of

A. breaking the distribution monopoly.
B. integrated global channels.
C. over the counter sales.
D. under the counter sales.
E. the gray market.


Answer: E

Business

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