Issue of Counterfeit Products October 4‚ 2006 Discussion I. Countries & Products II. Reasons behind the issue 1) Profitability 2) Demand is strong 3) Penalties are low 4) Good way to launder money III. Consequences of counterfeit products 1) Lost revenues 2) Tarnished company image 3) Societal Costs (1) Child Labor (2) Sweatshops 4) Consumer effects (1) Fire (2) Harm‚ death 5) Lost wages and jobs 6) Criminal Activity (1) Terrorist funding (2) Organized Crime IV. Why is it so
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A Report On Understanding Consumer Behaviour towards Luxury Products By Jitesh Sanghvi MMS – 137‚ Marketing Year 2009-10 K J Somaiya Institute of Management Studies & Research Understanding Consumer Behaviour towards Luxury Products Understanding Consumer Behaviour Towards Luxury Products By Jitesh A Sanghvi Under the guidance of Mar. Nilesh Talreja Senior Executive Interface Communication ______________ Designation SIMSR‚ Mumbai K J Somaiya Institute of Management
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The Influence of Logo Exposure in Purchasing Counterfeit Luxury Goods Focusing on Consumer Values Jung-Min Han‚ Hyeon-Jeong Suk‚ Kyung-Won Chung Department of Industrial Design‚ Korea Advanced Institute of Science and Technology Abstract: This study attempted to identify differences in consumer’s pursued values when purchasing counterfeit luxury products using questionnaire and interview data. As brand names and brand logos of luxury goods significantly influence to customer buying behavior‚ this
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We analyze a two-country model of trade in both legitimate and counterfeit products. Domestic firms own trademarks and establish reputations for delivering high-quality products in a steady-state equilibrium. Foreign suppliers export legitimate low-quality merchandise and counterfeits of domestic brand-name goods. Heterogeneous home consumers either purchase low-quality imports or buy brand-name products‚ rationally expecting some degree of counterfeiting of the latter. We characterize a counterfeiting
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Chapter2 The Indian Luxury Consumer: Rapidly maturing and looking for more Any study of the luxury market needs to conclusively address core questions around the luxury customer - Who‚ What and Where. To fully understand answers to these questions‚ we interviewed existing and prospective customers across various locations‚ income and age groups. We also interviewed industry leaders across all luxury categories on the Indian consumer and the changes that they have observed over the last few years
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Counterfeits – Business Ethics 1) Explain the link between in rise of globalization and the surge in counterfeit products. From cultural and legal perspective‚ how would you evaluate counterfeiting as an ethical issue for business (a) in the West and (b) in the developing world? What potential solutions could we think of to address counterfeiting? The rise of globalization‚ as everything‚ has good and bad consequences and one of that is the increase of counterfeit products. With globalization
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culture on people’s luxury consumption from both psychological and behavioral aspects‚ specifically in China and the United States. By examining the differences in cultures‚ I will be able to sumarize consumer characteristics in these two countries and make marketing recommendations for brands that want to target these two markets. I will then provide successful examples of brands that have successfully employed the marketing strategies that fit the characteristics of the consumers. Research Procedure:
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[Type text] [Type text] [Type text] Name: Ibrahimkhanli Nihad ID: 9253147 WHY DO PEOPLE BUY BRANDS? Brand are inevitable component of modern business‚ which means a class of products‚ that serves to determine a certain product and all have particular name‚ furthermore‚ all are made by a specific company. Primarily‚ mission of the brands is to connect two different basic areas of production and consumption‚ which has a great influence on economy and community. Although‚ these areas were integrated
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Is it ethical to buy illegal copies of music CD’s and movies from street vendors. Especially when you know that by buying these copies‚ the record companies‚ movie production companies‚ actors‚ artists and others involved in their production do not get a profit from the sale. This is the dilemma I had as weather or not I should buy bootlegged products because while they are cheaper‚ it is depriving the legitimate profits that companies who produce the music and movies would receive along with the
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competitive luxury brands‚ Louis Vuitton‚ Chanel and Gucci. Louis Vuitton positioned itself in the luxurious goods industry‚ and has successfully embedded consumer’s mind with a sense of prestige and elegance in their branding. Gucci claimed a unique positioning in innovation and craftsmanship‚ trendsetting and sophistication. Chanel brand positioning has been perceived as elegant‚ exclusivity‚ and timeless as known to consumer Chanel stands for vintage and classic. By finding the 3 luxury brands
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