Bus 212 module 3 assignment 2 lasa 1 legal and ethical leadership and
This unethical conduct harms both businesses and consumers alike. Businesses lose out on potential profits as customers opt for the cheaper knock-offs instead of purchasing the legitimate brand name item. Consumers also suffer as they unknowingly purchase counterfeit goods that do not meet the same quality standards and warranties as those provided by legitimate manufacturers. The sale of these items can also damage a company’s reputation due to its association with fake goods which could lead to long-term repercussions such as decreased sales or even legal action against infringing parties.
In conclusion, selling bogus versions of popular brands at reduced prices is an illegal practice that harms businesses as well as consumers. It undermines intellectual property rights, deceives buyers into purchasing inferior quality merchandise, and damages a company’s reputation with false associations with counterfeit goods. This type of unethical behavior should never occur in any market or industry if we wish to ensure fair business practices for all involved parties..