Now a day many people want to buy famous brands of clothes, cars and other items. What are the reasons for this? Do you think it is a positive and a negative development?
Now a day many people want to buy famous brands of clothes, cars and other items. What are the reasons for this? Do you think it is a positive and a negative development?
Recently, the trend of purchasing vehicles, casual wearables and other items from renowned brands have been soaring consistently. Supreme quality and exclusive advertisement promote it to a large extent. I believe it is surely a positive phenomenon from consumers as well as producers viewpoints. Upcoming segments will illustrate my perspective with factual examples and explanations.
To embark with, possibly there could be a plethora of facts that espoused the trend of buying branded products only. Firstly, companies do extensive promotion at a large scale. Due to this, a vast majority of the population get influenced. Moreover, providing supreme quality is a big asset for companies since today’s consumer is rational regarding quality despite quantity. For instance, market kings advertise branded products through mass media and the Internet that creates potential customers. Once they struck in become habitual for the same.
Furthermore, buying only brands Is beneficial for both consumers and manufacturers. Buyers enjoy high-quality products along with Effective after-sale service, technical products, for example. Such items require companies touch even after sold out, and well-reputed firms guarantee it. From the producer’s side, they are availing maximum profit by capturing a large proportion of the consumer market. Consequently, they are expanding and diversifying their business units. To exemplify, Tesla, a famous car brand, inaugurated a new setup in Gujarat, India, only because of earning super profits previously.
To conclude, the sale of branded products are burgeoning due to individuals trust and Advertisement. It must be welcomed by consumers and producers since both are reaping fruits equally.
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