Counterfeit or Not

As I sit here, I ponder the reasons why we have counterfeit goods.  The obvious examples are Rolex watches and Gucci bags; however, counterfeiting is currently taking place on a much larger scale with automobiles, automobile parts, and tires.  Supply and demand could be the cause, as well as a lower price point.  When looking at the price point on a counterfeit watch, the difference could be as much as $10,000.  However, one should expect a significant drop in quality, and in the case of counterfeit tires, a safety issue could arise, as we have to wonder who is gauging the quality in the manufacturing process?

Primarily, the counterfeit goods are sourced in China.  Some of these goods are rumored to have been sourced from the original manufacturer as well.  How concerned should entrepreneurs be that the product they outsource to China, will show up in a counterfeit form as well?  This is one of the many reasons entrepreneurs should look for ways to keep their business at home, especially those who have a unique product.  As much as I would love to have a new Rolex and a new set of Michelins, I can’t help but wonder, how does one know they are getting the genuine article?