CORRELATIONS The parameters that have been taken are quite varied and revolve around various variables that may affect the motivation of a consumer to purchase a counterfeit luxury product. While the direct correlations of the independent variables with the dependant variables are not that strong, there are certain correlations between the independent variables themselves that are worth mentioning. The correlations that exist between the dependant variable and the independent variables indicate that while the factors are making an impact, they are not making an impact to everyone at the same level. Everyone is pursuing the purchase of counterfeit products for varying reasons. The trends show that certain aspects have fairly strong impacts …show more content…
The higher the KMO of a test, the more the sample and the resultant data is said to be adequate for the purpose of obtaining factors out of the variables. The KMO is generally said to be at least 0.5 to be considered as adequate. 0.6 is considered acceptable, 0.7 is good, and 0.8 is very good, and so on. Our study has shown as a KMO value of 0.755 which is a decently good number. Thus, it can be said that our model is adequate and that the resultant factors that have been obtained can be considered to be valid to a rage extent. Additionally, the Significance value is also at a very comfortable 0.000 showing that the data obtained from our sample and model is completely significant as a …show more content…
Yet both these variables are technically based on the moral compass of the consumer. There are no serious legal charges for the consumer of a counterfeit product and it is barely caught as it is. A person that has his own morals in a place that says follow the law no matter what or do not indulge if it is wrong can be categorized under one roof. So to summarize, the consumers of counterfeit products are looking at more or less three major areas to make their decision on their purchases of these products. It can be seen that these factors range from being built in to who the person is, to what the people around him and the society say and feel about such purchases at the time, to the actual time of purchase variables. Thus the impact of various things on the purchase of counterfeit products has a very long consideration process and has factors ranging from what you have felt for ever, to what you are feeling now, to what you feel while making the purchase. Thus counterfeit product purchases of a consumer can be impacted at any time in his life by appealing to various different parameters at each time. Although the impact that the parameters will have on the individual will change with changing times as the society, the person, and counterfeiting itself,
In her New York editorial Terror’s Purse Strings, Dana Thomas speaks on luxury items that are counterfeited and how they correlate to various issues around the world. Demonstrating quantitive evidence with a variety of statistics to raise awareness of the dangerous acts that are so closely related with forged components. Dana Thomas does not shy away from the real problems that are presented when expressing the research that she conducted in order to inform the reader accurately. For Dana Thomas’ debate she went all the way to Guangzhou and accompanied Chinese police officers to a factory that was an active participant in child labor.
Ravisankar begins his essay by talking about how consumers are constantly emphasizing finding lower prices and that means using sweatshop labor. The problem he identifies is as consumers in Western countries try to find lower prices, we are not helping sweatshop laborers escape their low standard of living. Ravisankar assumes his readers are unaware consumers in Western countries. His purpose in this essay is to educate his readers about the problem of brands’ exploiting their workers. In order to accomplish this purpose, Ravisankar appeals mainly to consumers to pay a higher price to help “improve the lives of sweatshop workers.”
In the article, “The Addictive Virus,” the authors commence the introduction by applying the ethical appeal, when discussing about their occupation and accomplishments to the audience. In addition, the writers reinforce their argument with brief descriptions of shoppers that purchased numerous items to fill the void that clouds their judgement. Not only that, the authors established a definition for “affluenza virus,” which requested the audience to accept a definition that may be different from their own perspective (Stipulation). Lastly, the writers incorporate Dr. Ronald Faber to elaborate on the social and psychological origins of “pathological buying.”
Taking these two concepts into consideration would solidify the reason author, Renee Dye, produced a piece ("The Buzz on Buzz") encouraging and giving ideas to entrepreneurs on how to exploit customers to market their products better. People like Dye have realized the impact objects have on people and take advantage of it for their own benefit. This might be one of the biggest reasons why Hammerslough believes that material items are being personified with intangible values and that American consumers place in society is problematically linked to their purchases. While Lasn would agree with Hammerslough in terms of consumers place in society being problematically linked to purchases; Dye would most likely disagree that "what's changed" is negative and see it as positive economically. Hammerslough's belief is correct in the sense that purchases, objects and even brands consume too much of American lives by distracting them from what's going on in the world and influencing their opinions of others as well as themselves, which is the reason their place in society is
In the essay, “Terror’s Purse Strings” written by Dana Thomas and published in New York Times. Thomas begins talking about expensive fashion bags produced around the world. She elaborates how easy it is to mimic fashion and sell it for a cheaper price. Thomas implies how purchasing a fake product leads to child labor, a getaway to terrorism, and how they are run by crime syndicates. She suggests a solution for this issue and how people should stop buying fakes to take counterfeiters out of business.
Maybe it is just a trend? Even if considered a trend, it’s not a good
So to end this paper I would like to say that the effect that has happened is good and bad based on what you
Essay The “competitiveness secret” Why the companies change the packaging to sell the same product? Why similar products, but with different brands are perceived as different? If the consumer perceives a product as different from the others, the company that sells this product, has a competitive advantage from the other companies. And if a company sells a particular product, it will increase its profits.
The mock article from The Onion expresses the gullibility of the consumer to believe whatever he or she is presented with and the laziness for never questioning it. The Onion emphasizes such features in an indirect way, by exaggerating the techniques used by marketer such as, appealing to false authority, using Orwellian language and logical fallacies. This creates a humorous article, which exposes a serious point The Onion tries, and succeeds, in making about the modern consumer: he is being controlled by the advertisements he sees. The first sentence in The Onion’s article clearly states marketers use of untrustworthy techniques to sell their products; “ MagnaSoles shoe inserts, which stimulate and soothe the wearer’s feet using no fewer than five forms of pseudoscience."
Use your results in Data Table 2 to support your answer.
Once the addicts—people who cannot live without consuming drugs—try to use the products, they will seek for the larger amount of drugs to consume. However, as they consume the drugs constantly, the price keep increasing abruptly and they become peter out of money. When those people are unable to buy the drugs, they will struggle to buy it and almost of the
In the article accepting or rejecting innovation, the author mentioned that some of the people will pay double price for the designer jeans. Although the jeans without designer have the same quality as the designer one and people will only need to pay half of the price compared to the designer jeans. As a result, many people will still choose to pay double price for the designer jeans. However, the people who bought the designer jeans are only because of social value. They might want to show off in front of other people.
He also takes advantage of the device when he talks about Ireland’s increased taxes on plastic bags in 2002. He uses Ireland as an example of how the ban on plastic bags led to an increase in the purchasing of alternative sources of bags. He follows this statement by saying, “The tax imposed on plastic shopping bags led to a 77 percent increase in the sale of plastic trash can liners.” This shows how that despite the tax intended to limit the use of plastic bags, in reality it led to the increased purchasing of these alternative products. The use of statistics in writing adds to the legitimacy of the claims.
Effects people’s characters is prime heed for causing poverty. According to Tenai (2016) Consumerism moulds people’s characters into self-interest and a pursuit of interest’s other than those for the common good. When people change their interest in necessaries and turn all their attention to luxuries this will waste their energy, time and resources.
This is related to individuals need for counter-conformity (moving away from conformity) which is defined as the establishment of a group opinion norm and the tendency of individuals to comply with that norm (Burnkrant & Cousineau, 1975; Nail, 1986). It was seen that consumers buy and use possessions to develop a personal image that is different from others in the society (Lynn & Harris, 1997; Richins, 1994). This need for being different and unique manifests itself in the search for and the use of unique possessions. The acquisition of unique and scarce products is an on-going process because when scarce products become more available in the market and more people use them, they lose their unique scarcity attribute. Accordingly, uniqueness is related with the scarcity of a product (Snyder, 1992, p. 20; Tian & McKenzie, 2001) and consumers continuously look for other products to differentiate themselves from