Heinz is a very well known brand and so people will automatically purchase Heinz ketchup even if the competitiors is better. This is known as brand recognition and as a society we do it constantly. |
The average houselhold amount of credit card debt has gone up 15% since 2000. This represents the idea that everyone wants to live like a celebrity and they accomplish this by using credit. |
Brand recognition is very important to consumers. An unbiased study showed that people preferred the taste of McDonalds coffee over Starbucks. |
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