More and more people want to buy famous brands with clothes, cars and other items. What are the reasons? Do you think it is a positive or negative development?

People pay attention to the company that made the product when making a buying decision. In recent times, an increasing number of individuals are choosing to buy
items
from brand-name stores.
This
is due to the
quality
of the
products
and the media representation and I believe it could lead to some negative consequences in the
market
. The
first
reason behind the increase in people purchasing brand-name
items
is the high
quality
that they offer. Because of the popularity of the well-known businesses, their
products
have greater functions and use greater materials, which even increases their reputation, resulting in higher sales. Another point to consider is the influence of the media. Most famous brands strive to take every opportunity to promote their
products
through endorsements, product placement and advertising.
This
creates higher visibility,
thus
increasing their chances of being remembered. Nike,
for instance
, is a well-known sports brand and it actively advertises its high-
quality
sports gear through sponsorships with athletes
such
as Naomi Osaka. With regard to the effects
this
trend has on society, I think it is mostly negative as it hinders the
market
from growing in a healthy way. The excessive popularity of brand-name
items
would lead to other
quality
products
from infamous businesses being overlooked.
Furthermore
, it would drive up the price of popular
items
. These would give an unfair advantage to brand-name companies, leading to an unhealthy economy that exploits consumers.
For example
, the international vehicle
market
is currently predominated by a few companies
such
as Honda and Subaru, making it difficult for other manufacturers to enter the
market
. In conclusion, there are several reasons behind the rise in people in favour of famous brands in terms of the
quality
of the
items
and the way they are presented to the public. I feel that
this
has an adverse impact on the economy and
therefore
individuals should be aware of other options before making a decision to purchase a product.
Submitted by a170077n on

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Topic Vocabulary:
  • Conspicuous consumption
  • Brand loyalty
  • Elitism
  • Marketing strategies
  • Consumer psychology
  • Purchase behavior
  • Economic stratification
  • Sustainability
  • Luxury goods
  • Peer influence
  • Global marketing
  • Brand equity
  • Materialistic values
  • Status symbol
  • Quality perception
  • Investment piece
  • Influencer culture
  • Exclusivity
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