Qualitative problem statement
Counterfeit goods in the market have caused a lot of havoc both on trader’s and manufactures of original goods. Production of these goods denies the producers of genuine goods to earn money from their goods: this is because counterfeit goods may come at lower prices than genuine goods. Consumers have had their fair share of the problems caused by the goods. Counterfeit goods do not last that long. Thus, due to the problems caused by counterfeit goods it is wise to do a research on it (Lin 2011).
The number of counterfeit goods on the market has increased in the 21st century
Since the year 1995 up to date, a sharp increase in the number ...