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Luxury Goods

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Bonbo

Me as you

Followers: 6

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Watchmaking Bianchet Watches

A Swiss watchmaker redefined the tourbillon with a daring curved design

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What is the primary innovation that distinguishes Bianchet watches from most traditional tourbillon watches?

The exclusive use of digital displays instead of mechanical movements The elimination of the tourbillon mechanism to simplify the watch The use of a tonneau-shaped case that challenges conventional watch design

Johnbarrow

John from Bartow

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Consumer Behavior Luxury Goods

Luxury goods demand grows faster than income, revealing social status through spending

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Why does demand for luxury goods increase more than proportionally as income rises?

Because luxury goods are cheaper than necessity goods as income rises. Because demand for all goods increases proportionally with income, including luxury goods. Because luxury goods serve both intrinsic quality and social signaling, leading to disproportionate spending increases.

Johnbarrow

John from Bartow

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ART AND CULTURE

Luxury Goods Maison Maquet

Maison Maquet: Parisian luxury stationery maker to Empress Eugénie and royal courts

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What historical factor significantly contributed to Maison Maquet's prestige in the luxury stationery market?

Its invention of the ballpoint pen Its role as official purveyor to Empress Eugénie and several royal courts Its mass production of inexpensive stationery

Nellieger

I am studying psychology

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Consumer Goods Luxury Goods

Luxury retail thrives as consumers spend disproportionately more on exclusive goods with rising incomes

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Why does demand for luxury goods increase more than proportionally with income compared to necessity goods?

Because luxury goods are purchased both for their intrinsic quality and to signal wealth and social status, leading to higher spending as income rises. Because luxury goods are cheaper and more accessible than necessity goods, so people buy more as they earn more. Because necessity goods lose their importance as income rises, so consumers only buy luxury goods.

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