Final answer:
The gray market offers business opportunities such as creating new outlets for manufactured products, providing access to foreign goods, and obtaining products related to national security.
Step-by-step explanation:
When discussing the gray market, it refers to the trade of goods through distribution channels that are legal but unintended by the original manufacturer. Gray market opportunities often arise due to differences in price or availability of products in different markets.
Key Business Opportunities in the Gray Market
- New outlets for manufactured products: Entrepreneurs in the gray market can create new distribution channels for products, especially in regions where they are not officially available, meeting untapped consumer demand.
- Access to foreign goods: Gray market traders can provide access to foreign or otherwise inaccessible products, satisfying the needs of consumers seeking goods not available in their home market.
- National Security: Some businesses leverage the gray market to obtain products that have implications for national security, including rare materials or technologically advanced components that are not readily available through official channels.