Explain How Luxury Brands Can Benefit During an Economic Recession

question 141

Essay

Explain how luxury brands can benefit during an economic recession from having lower-priced brands or subbrands in their portfolio.

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Definitions:

Nonverbal Communication

Communication without the use of spoken language, involving gestures, body language, facial expressions, and eye contact.

Appearance

The way that someone or something looks or seems to others.

First Impression

The initial perception or judgment formed about someone or something based on the first encounter, which can significantly influence subsequent attitudes and behaviors.

Verbal Communication

The conveyance of information or ideas through spoken words and sounds.