Spurious products, also known as counterfeit or fake products, are items that are designed to deceive consumers into thinking they are purchasing an authentic product. These products are often of lower quality than the genuine ones and can pose a number of risks to the consumer.
One of the major risks of spurious products is that they may not work as intended. For example, a fake electronic device may not function properly or may break quickly, resulting in a waste of money for the consumer. Additionally, spurious products may not meet safety standards, which can pose a risk to the consumer if the product fails or causes harm.
Another risk of spurious products is that they can contribute to the erosion of trust in a brand. When consumers purchase fake products, they may be disappointed and lose confidence in the brand, which can lead to a decline in sales and reputation. In addition, the sale of spurious products can undermine the efforts of companies to protect their intellectual property and the investments they have made in research and development.
There are several ways that consumers can protect themselves from spurious products. One way is to purchase products from reputable retailers or directly from the manufacturer. Consumers should also be wary of extremely low prices, as these may be an indication that the product is fake. It is also a good idea to carefully examine the packaging and look for any signs that the product may be fake, such as misspellings or poor-quality materials.
In conclusion, spurious products pose a number of risks to consumers and can have negative impacts on the reputation and bottom line of companies. By taking steps to protect themselves and supporting legitimate businesses, consumers can help to reduce the prevalence of these products and ensure that they are not taken advantage of.
Introduction of Spurious Products
The solution, christened 'Kavach', could fight a wide range of counterfeiting problems experienced by manufacturers mainly in the automotive, FMGC and agro chemicals sectors. Advocate more effective enforcement of existing Laws and Rules. The labels on the bottles, although virtually identical are slightly lighter in print quality on the fake item. They come out with the motive of misleading and cheating ordinary consumers who are uneducated or in a hurry in purchasing products. In order to ebb the rising tide of counterfeit, industry needs to work in tandem with the government and create consumer awareness.
To find out where in your system's frequency band you would tune to in order to be susceptible to the spurious responses, use the "Discrete LO Channels" worksheet. India does have laws protecting Intellectual Property. It also provides for food inspectors to take samples of any kind of food product and examine it. As they do not have any substantial overheads, all the money derived from the sale of such products goes directly into their pockets. The cost of advertising, research, development, trials, overheads, etc is all borne by the original company or product manufacturer.
Introduction of spurious products Spurious product are those product which have a look like name identity, color, pattern, design and could have same identical name. The copyright act offers legal protection to the original creators of all these products or works. The cost to the top companies in India is a whopping Rs 4,000 crore per annum due to competition from counterfeit products or look-alikes, excluding the crores of rupees spent to protect top-selling brands from this threat. In fact, the companies are losing 10 to 40 per cent of their market due to the sales of spurious and duplicate products. Counterfeiting as a menace is a global phenomenon. It also express concern about lack of laboratory equipments and quantified persons. The Task Force has further made following suggestions:o o o o Food Regulation Authority FRA be set up to formulate and update food standards for domestic and export market.
Due to the advances in technology any measures adopted by the original product manufacturer to counter and prevent any imitation would almost be of no use as the spurious manufacturers would quickly adapt and reproduce the same product within a few months. Another reason to be extremely cautious is that it is not only ordinary medicines but life saving drugs anti-cancer,TB, Aids etc as well that are being produced this way. Such spell-alikes generally have the genuine product's MRP rate printed on them, but the retailer willingly brings down the price after a bit of bargaining. Consumers would have to look at the situation and simply see which of the relevant laws would help them with respect to their problems. Government tries to inform people about the hazards of these products.
Toothpastes, tea, hair oil and face-creams have their counterfeits too. Local economies are damaged by the loss of sales of genuine products that could be made by legal traders and national economies lose millions of dollars in unpaid taxes and excise revenue. The slight changes are made to avoid being categorized legally as counterfeits. The margins offered to wholesalers and retailers are also higher than what established companies offer. Pharm Medicinal chemistry , NIPER, Raebareli dhirajyadav06 gmail.
Top 5 Unethical Business Practices against Consumers
All mixers, except for the image-reject type, respond about equally to an "image" signal RF on the "wrong" side of the LO and to the "real" signal RF on the "right" side of the LO. In December 1998, the first of the lookalike brands started appearing in the market. Drug resistance develops when patients consume drugs with inadequate potency forcing them to look for costlier new generation drugs. Even the ingredients are bad imitations of the original and most consumers are not able to make out the difference or find out only after purchasing the product. Through ad campaigns, the companies can also create awareness among consumers regarding the evils of fake products. Companies will never win the war against counterfeiting on their own. With a market share of nearly 20 per cent of the total drug market in India.
How do you say product is unique? There are certain legal provisions that would aid the consumer in his fight against this menace. Meeting with Maharashtra PDA: Sustained efforts from BPC for better enforcement of laws byregulatory authority ultimately succeeded in setting up a regular review mechanism. For example, Kavach solutions can be used on labels, closures, blister packs, and all types of primary and secondary packaging. The manufacturers of such drugs and medicines are quite confident that since the offence is difficult to prove they would not face any serious charges. The purchased goods and services availed of should not only meet their immediate needs, but also fulfil long term interests.
Leave alone the vast uneducated masses that live in this country, hardly any of the educated informed consumer would also be in a habit of verifying the accuracy of the product name or manufacturer before buying goods at the local kirana shop. Most branded products in India have become a victim of this dangerous menace. And these consumers are duped easily as the quantity is not large enough for them to pay attention to its quality. Your product costs less than similar products. The manufacturers do promotional campaigns and even go to the extent of displaying their manufacturing units names and addresses on product wrappers.
MART's study has thrown up some interesting facts that could help in understanding the operations undertaken by illegal manufacturers. I, therefore, welcome the involvement of US Chambers of Commerce for today's interactive meeting on this important subject where we may have to learn many things from each other. In 2000, the health ministry in Russia reported that 56 drugs were counterfeit. According to a report from the Hindu newspaper, it was revealed that for every 100 genuine strips of Vicks Action 500 there were 54 look-alike strips in market. These are obviously intended to cheat. From this rule, a second rule can be derived. Of the six groups, one Group is specifically for Counterfeit, Fake, Spurious, and Contraband Products.