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Luxury and Marketing

I need some assistance with these three questions:

In the U.S., luxury is no longer said to be available only to the wealthy (for example, a person making $30,000.00 U.S. per year could take out a loan and purchase a Mercedes Benz).

What kind of effect has the availability of luxury in the U.S. had on society as a whole?

What role does marketing play with the consumption of luxury by customers?

The U.S. economy has been on a decline. How has the pursuit of luxury in the U.S. assisted in the downward trend?

Solution Preview

In the U.S., luxury is no longer said to be available only to the wealthy (for example, a person making $30,000.00 U.S. per year could take out a loan and purchase a Mercedes Benz). What kind of effect has the availability of luxury in the U.S. had on society as a whole?

The effect the availability of luxury in the US has had on the society as a whole is not good. Instead of the good desire for adequate supply of life's necessities, a stable life, community life, and healthy relationship, there is a race that is triggered by the availability of luxury. There is an endless race for material things, many of which have been purchased for ...

Solution Summary

Luxury and Marketing is discussed very comprehensively in this explanation..

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