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Do Knock-Offs Prove the Value of a Brand? - Idea Channel

Living in the consumer culture that we do, we’ve learned that specific brands can carry very different meanings and values. We’re willing to pay hundreds or thousands more for a specific brand name item, but sometimes it can be tempting to go the way of the knock-off for a fraction of the price. The counterfeit industry is huge and isn’t going anywhere, and companies spend huge amounts to dissuade people from buying “fakes”. But are knock-offs REALLY a negative for the brand?

Extra double extreme thanks to Lana Swartz (@lanalana) for her help on this episode.

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