Do You Agree That Brands That Chase Fads, Or Try To Create Them Will Fare Badly?

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Issue:

Business

 

Written by:

John M

 

Date added:

August 16, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 315

 

Was viewed:

1472 times

 

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Essay content:

Apple iPods: the classic iPod to the newly released colour Touchpod) Consumers can often be fickle in their behaviour and spending pattern as different ethical issues and concerns arise. Therefore, companies that chase fads must be aware of the fluctuations in trends in consumer mindset and be prepared to innovate in order to stay afloat in the business...
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A good example of this is the new high-waisted fashion apparel for women (jeans and skirts). Brands know that this form of clothing is a short-term trend. This market knowledge enables them to be creative and launch a new item in the market in time for the season change as consumer interest in the previous item drops...
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