This question requires that you read the attachments posted regarding Gray Markets. What are gray market products? Are they legal? Is Gray Markets a real issue in the U.S- cite examples? Why should MNCs (example, Seiko watches) be concerned with Gray Markets? What can be done? Do Gray marketers serve useful marketing functionsfor certain consumers and/or manufacturers? (Gray Markets or parallel importing or Parallel Markets are equivalent concepts- meaning the same issue of unauthorized distribution in foreign markets).