I. INTRODUCTION
WHAT IS 11ST
There is no more necessity to get out from home for buying goods. Shopping is changed from outdoor activity to indoor activity. This becomes possible through a rapid progress of e-commerce. Since 2001, when annual analysis of e-commerce started, the scale has been extended beating every last records. In 2008, that closed in upon 630 trillion won, and the sales gap
goods business –LVMH.
Now LVMH has a great empire in the luxury arena. It is competing With Gucci, Richemont (known as Cartier), and Bugari – the world’s best luxury groups. But LVMH definitely has the leading position and its growing doesn’t know stopping.
Complementing weakness and using opportunities, it already made the greatest success in the area, but as the business
equity wealth, and job market conditions also favor upper-income individuals, who are the primary luxury goods consumers.
- Declining of Exclusivity of Luxury Goods :
In an age of mass affluence with easy access to credit, luxury goods are becoming more affordable. Also, with a 50 percent rise in household income in the last 30 years, Americans have more money to spend on premium goods.
(1) Higher Income and Big-box Discounters ⇒ Purchase Power
Growth in luxury handbag market was basically fueled by the key factors that drive the overall luxury-goods market. It usually depends on consumer buying habits, such as purchasing power or willingness to buy the products.
Firstly, increasing incomes definitely lead to higher purchasing power. More incomes in developing countries enab
Microeconomics
Term Paper
“CounterfeitGoods”
Counterfeitgoods are produced massively and distributed to almost every country in the universe. These goods are manufactured in many countries, but mostly in Asia, especially China. The unethical producers’ target industries are countless: cell-phones, shoe polish, toothbrushes, pharmaceuticals, speakers, automobiles, TVs, electronic dictionar