Benefits Of Counterfeited Beauty Products

And the customer are sensitive to the price since those products are using only few times and need to be change all the time.

market, there is price competition. This can lead to price wars and, therefore, lower prices for

* Buyers try to switch cost because of the same product available at other retail stores.

This is a strategy that can apply to products with consumable supplies. This is where the pricing at high prestige levels, otherwise they will not sell; customers equate higher quality with higher prices.

Imagen the price of something such as a case of water that normally sells for $10-$12. Now imgen that same package of water selling for $99. Hard to believe? It’s a real thing that happens to people in the world. This real world thing is called price gouging and it happens more times than you would think. Price gouging happens in times of need when people run out of supplies such as food, water and other needs price gougers buy items for low prices then resell them for much more than what there worth. They pretty much steal from the people they sell items to by giving them an unfair price. Around 37 states have already put laws against price gouging bit there are still 13 states that don’t have laws to counter it. In some cases price

• The product is being aggressively sold to you. Fake reviews don't encourage you to keep an open mind but instead coerce you to purchase the product without even telling you why you need to.

While there are many kinds of common brand name products to choose from in the store, some of these products makers aren’t providing consumers with the real truth behind what goes into the making of these products. Just like in the video of Fake Blueberries and Betty Crocker, General Mills and Target Stores. In the video clip it shared with the consumers how

Individuals encounter price discriminations on an almost daily basis, whether realizing it or not. Considering that many fast food chains off discounts to seniors, one could possibly pay the regular price and not even think of the possibility of a discount. Price discrimination can be described as identical services or goods being sold at different prices by one single provider (Sexton, 2013). Therefore, each time a person shops at Goodwill, he or she has the opportunity of a reduced cost providing stipulations are met such as being a student, senior, or military. In order to meet the qualification of price discrimination, three points are provided. First, the organization must provide a good or service that is not offered by other organizations, establishing a monopoly. Secondly, the elasticities of demand have to be prevalent, and, and thirdly, stipulations have to be enforced in order to prevent reselling of the product or service for a profit.

The problem isn’t just limited to Amazon though. E-bay, Walmart.com, and Newegg have also been accused of selling counterfeits. All of the companies say they have strict policies in effect for removing offending products from their websites, and that they vociferously fight against counterfeits.

Costs play an important role in setting international prices. Travelers abroad are often surprised to find that goods that are relatively inexpensive at home may carry outrageously higher price tags in other countries. Besides, such price escalation may result from differences in selling strategies or market conditions. In most instances, however, it is simply a result of the higher costs of selling in foreign markets such as the additional costs of modifying and packaging the product, higher shipping and insurance costs, import tariffs and taxes, costs associated with exchange rate fluctuations and higher channel and physical distribution costs. Futhermore, Milo also adopted Promotional Pricing strategy. Selling products is challenging when shelves are lined with similar-quality products, and customers are bombarded with advertising messages. Promotional pricing helps differentiate Milo’s product with its competitor and leverage a potential customer's attention long enough to purchase the Milo products. Promotional pricing involves lowering the price of a product, distributing coupons or offering specials, such as buy-one-get-one-free offers. For example, Milo offer promotional pricing for its product in weekly catalogue to create excitement and a sense of

Let’s use the DVD player as an example. In 1997 the DVD player made its debut in

 Identical products are sold, but brand loyalty is created so the consumer will keep on buying the product.

There is relatively no threat of substitution in the luxury goods industry. This is mainly because of the quality and price of substitutes, and the cost of switching to the consumer. The price of counterfeit goods that copy the luxury goods causes there to be a positive monetary cost in switching but there is a loss of prestige as luxury goods are characterized as having a persona, paucity, that are accompany by a performance of a quality product with unique design, extraordinary capability and innovation. There is no comparison between luxury goods and the

As we know Mattel is a product company, but it is really important to assure the quality and the value of the product during the lifetime of it. To guarantee the quality after the purchase Mattel has these 2

Bloch, Bush and Campbell states that “people buy counterfeits, because they are getting prestige without paying for it.”Price and value relationship executes in two situations in one situation that belongs to customer because they buy the counterfeit product and think that he is getting more value in less price and the other situation belongs to manufacturers or counterfeiters who are illegally producing products they think that they are producing nearly identical quality product at comparative price to the original brand. But consumers strictly believe that counterfeit products are inferior in every aspect but they are buying it due to its price factor and they think that the price factor hides the other lack aspects of the counterfeit