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MEDIA

hello TOK people...
I am doing my tok presentation in a couple of weeks, and i have chosen media as a topic.. more specifically, on branding and how companies sell a brand not a product. I was wondering if anyone had any thoughts relating to the ethics behind this, like is it fair to buy something for cheap and add a brand name and then sell it for 10x the price?
thanks!

Re: MEDIA

In this case, others are selling competing products, so you must differentiate you product from others. Will you choose to sell your product as the cost effective leader (off-brand) or the quality leader (name brand), or perhaps the nich market (custom shoes)? In order to answer these, you must have a good understanding of business. Selling shoes at 10x production cost is not necessarily unethical, because competitors still provide cheaper alternatives.