Fakes-a World of Copycats
Criminal sales.
Every year criminals make millions of dollars selling fake perfumes clothes, medicine, and computer software. Counterfeit goods account for about 7%of total trade across the globe .And the criminals’ gains are other people’s losses, Take for example governments which are unable to collect revenue from indirect taxes and customs duty on legitimate sales.
Over 30% of sales mainland China are estimated to be counterfeit .In India .fake products account for 10% of the revenue for the entire health sector .
Five out of six Yamaha bikes sold worldwide are not the real thing.
Nike, the brand which tells you “Just do it” loses $70 million annually to the menace of fake brands and pirate products.
Identical fakes cost Gillette $20 million a year, and Procter and Gamble loses a staggering $150 million on a twelve month average in China alone.
Sometimes prefer to buy an illegal copy of a video, CD_ROM; cassette or software package because it costs less. In Russia, for example, copies of Microsoft’s Oficce 2008 sell for just 1%of the list price .Frequently however buyers don’t realize they are buying a fake instead of a genuine article.
