Jul 25, 2017

The Problem of Commercial Piracy and International Strategies to Counter It

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The Problem of Commercial Piracy and International Strategies to Counter It (SMUnit VIII-4 of 4)

INSTRUCTIONS:

Discuss the problems posed by commercial piracy. Explain how an international strategy would take this into account and address it. Your response should be at least 200 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

CONTENT:
The Problem of Commercial Piracy and International Strategies to Counter ItNameUniversityThe Problem of Commercial Piracy and International Strategies to Counter ItThe biggest problem posed by commercial piracy is the reduction in the sale and retail prices of legitimate products that have been counterfeited. Given the low cost of production that counterfeiters incur, they are able to flood the market with cheap products that sell below the market price of the original copies (Committee on Intellectual Property Rights in the Emerging Information Infrastructure, 2000, p. 189). This has the effect of eating into the market share and profit margins of the original product. This is especially the case in third world countries where consumers are attracted to cheap products. A good example is in the mobile phones industry, where China managed to sell millions of counterfeit Nokia phones in African...


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