Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The revenue from the luxury or prestige cosmetics market stood at 22.23 billions U.S. dollars worldwide in 2020, and will rise to 33.83 billion dollars

The revenue from the luxury or prestige cosmetics market stood at 22.23 billions U.S. dollars worldwide in 2020, and will rise to 33.83 billion dollars by 2025. 

Some people say that luxury brand marketers are often "selling a dream"  What is your opinion about this statement and which attributes of luxury brands must be aligned with the image of the brand? Provide examples to support your discussion.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Opinion In my opinion the statement that luxury brand marketers are often selling a dream holds some truth Luxury brands often create and sell a distinct lifestyle or aspiration that goes beyond the t... blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managing Business Ethics Making Ethical Decisions

Authors: Alfred A. Marcus, Timothy J. Hargrave

1st Edition

1506388590, 978-1506388595

More Books

Students also viewed these Marketing questions