Product Counterfeiting Puts Consumer Safety At Risk

Essay specific features

 

Issue:

Business

 

Written by:

Louis R

 

Date added:

July 17, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

5 / 1141

 

Was viewed:

4756 times

 

Rating of current essay:

 
Essay content:

It is highly profitable and the risks of significant legal consequences are low. The profits of product counterfeiting have been shown to fund other organized criminal activities. For consumers, it means increased health and safety risks, purchasing inferior products, and job loss. In the United States alone, it is estimated that the crime of counterfeiting has caused the loss of more than 750,000 jobs...
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In the United States alone, it is estimated that the crime of counterfeiting has caused the loss of more than 750,000 jobs. “As a world leader in product safety testing, UL understands its responsibility to take counterfeiters to task,” said John Drengenberg, consumer affairs manager, Underwriters Laboratories (UL)...
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