What is an approach mentioned in the text to prevent Chinese consumers from creatively copying foreign intellectual property?

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03-12-2021
Business

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What is an approach mentioned in the text to prevent Chinese consumers from creatively copying foreign intellectual property?

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ayfat23 ayfat23 · Answer 1 · 2021-12-14T06:38:31-05:00

The approach that could prevent Chinese consumers from creatively copying foreign intellectual property is to charge what the market will bear.

What does the phrase "charging what market will bear" mean?

Charging whatever the market will bear can be regarded as an approach that can stop copying of intellectual property.

It implies that the price of the seller cannot be more than what the customers are willing to pay.

It should be noted that this is supported by the law of demand and supply.

When charging what market will bear approach will help in prevention of Chinese consumers from creatively copying foreign intellectual property.

Therefore, this approach stopped the Chinese from coping some else work.

Learn more about this approach at:

https://brainly.com/question/25512231

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