Counterfeits are inferior products that illegally use another company’s well-established logo, packaging and reputation to try to fool consumers into believing their product is the real brand. Many people knowingly buy counterfeits, also called fakes or knock-offs.
Supply and demand keep this market alive, but why do people buy counterfeits? Sometimes they believe the product is the real thing. But even when they know it’s a fake, people love to think that they’re getting a bargain - the status of having a brand name at a fraction of the price.
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The influence of brands is all around us. This is an in-depth look at Brands and what they do.
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