We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Sustainability in the Consumption of Luxury Products: An Analysis of Social Implications.
- Authors
Ștefania-Cristina, Roibu
- Abstract
This study aims to demonstrate whether consumers seek to raise their social status by purchasing products sold at a high price. Also, the reason why customers of luxury companies prefer to buy them despite competitors with a lower price on the market. The purchase of premium products is influenced by the desire to change social status by expressing one's personality and the need for inclusion in various interest groups. Awareness of the fundamental reasons why decisions are made to purchase goods can be used both for marketing strategies and as a strategy for the long-term economic and social sustainability of a company on the market.
- Subjects
SOCIAL impact; LUXURY; CONSUMER behavior; SUSTAINABLE development; SOCIAL status; LUXURIES; LUXURY housing
- Publication
Journal of Economic Development, Environment & People, 2023, Vol 12, Issue 4, p55
- ISSN
2285-3642
- Publication type
Article