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Luxury and Marketing

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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?

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

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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 ...

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  • MBA, Eastern Institute for Integrated Learning in Management
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