Description:  In this economy, even counterfeiters are trading down.

Source: NYTimes.com
 
Date: 07/31/2010

Link: http://www.nytimes.com/2010/08/01/business/economy/01knockoff.html?ref=business

Questions for discussion:

• What are the reasons presented for the move towards cheaper knockoffs?
• What can firms do about this problem? 
• How does this problem affect cash flow?
• Explain how this activity can be an economic indicator?