Consumer Behavior and Counterfeit Luxury Products: A Literature Review
VerifiedAdded on 2020/10/05
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AI Summary
This report provides a literature review analyzing consumer behavior related to counterfeit luxury products. It examines the motivations and psychological factors that influence consumers' decisions to purchase counterfeit goods. The review synthesizes findings from various studies, including quantitative and qualitative research, exploring topics such as price sensitivity, social motivations like status and self-monitoring, brand reputation, and the ethical considerations of counterfeit consumption. The analysis covers a range of research designs, including surveys, interviews, and experiments, to offer a comprehensive understanding of the complex dynamics between consumers, luxury brands, and the counterfeit market. The report highlights the negative impact of counterfeit products on genuine brands and the increasing demand for such products. The conclusion summarizes the key findings and the implications for marketing and consumer behavior research, emphasizing that counterfeit products are illegal, yet consumers still purchase them.
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