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Issue:

Business

 

Written by:

Thomas M

 

Date added:

July 30, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

4 / 867

 

Was viewed:

8758 times

 

Rating of current essay:

 
Essay content:

This consumer-driven, global economy ? the "trading up" phenomenon - was created and is driven by social and economic demand factors below. Consumer Income - what consumers CAN buy: ? Increased discretionary income has influenced what consumers can buy. ? Increased number of women working outside the home increases total household income ? A rise in numbers of affluent households...
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Consumers of New Luxury goods embrace entrepreneurship and specialty items. ? Companies must have high performance - stay ahead of the growth of substitutes by supporting resources for research and development for new, improved products and updates. ? Companies must gain and retain consumer loyalty - understanding their customer's motivation and behavior to provide real value to the 4 Ps of marketing...
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