Quote from: olohifie on July 04, 2019, 10:12:07 AM

Quote from: Anilbg on July 04, 2019, 04:02:50 AM

Quote from: Lizcrypto on July 02, 2019, 04:58:36 AM

Quote from: Mrcharles on July 01, 2019, 02:04:00 PM

Quote from: olohifie on July 01, 2019, 01:33:43 PM

Another thing considered in the luxury market is social class and status. Considering their high prices, even thought the product are of guaranteed quality, it's not for those below avarage to patronise. I have seen cases where people decided to go for low-grade products which they can conveniently afford than save a whole lot for higher grades.

Luxury products are indeed for those who are wealthy and have a higher social class or status. The point is the wealth and affluent also want to distinguish themselves from the masses and prefer using products that are scarce and too expensive for the average people. Luxury products is not only demanded for their durability and quality, but for the self esteem of users.

yeah correct but I think people have taste for luxury product sometimes people do not buy it because of quality but because of brand Luxury products are usually identifiable through exceptional quality and high aesthetic appeal and value, and often belong to the range of products which can be clearly identified either through logo or brand name or design but all this concludes i mean it everything depends on the taste some will buy the because of the quality, another one because of the brand.

Some brands are known for quality so we can trust the brand itself. Example is Rolex watches, we don't have to check quality but look only

You are right but using Rolex as an example, it will interest you to know that Rolex company is on a serious watch out to make sure there are no piracy of product otherwise they will loose people's trust. Every genuine producer has a duty to protect its patency rights otherwise there will be no trust at all because pirates will jump in to spoil their integrity

yess all luxury products...may not fit into essential thing but highly desired one and it is associated with wealthy people and yeah rolex one of the trending luxury brand ever and people have trust because it has a name for quality as well as prestige which has been experienced by pupils.