Luxury industry - Study guides, Class notes & Summaries

The term "emerging economies" has replaced the term _____. - Correct answerDeveloping countries The gross domestic product plus the income from non-resident sources abroad gives the ____. - Correct answer-gross national product More than 25% of global GDP comes from _____. - Correct answer-BRICS countries Viewing the global economy as a pyramid, the Triad refers to _____. - Correct answerNorth America, Western Europe, and Japan People who earn _____ a year comprise the base of the global ...

who are players in the hotel industry - ANSWER-affiliations operations and independents categorizations used by hotel industry - ANSWER-geographic categories non-geographic categories what affiliations could a single hotel have - ANSWER-chain parent company management company owner asset management company chain - ANSWER-represents hotel brand which is clearly displayed to public and in all interactions STR uses ____ and _____ synonymously - ANSWER-chain and brand parent co...

LVMH Certification Test 2 || Questions & Solutions (100% Accurate) LVMH Certification Test 2 || Questions & Solutions (100% Accurate) According to Bain & Company, China will be the largest market for personal luxury goods in 2030. - ANSWER - Agree How do Fashion & Leather Goods Maisons offer their clientèle unique customer experiences? - ANSWER - By mastering their distribution According to Erwan Rambourg the young generation of luxury buyers have transformed the luxury industry in ce...

LVMH Expert Certification Exam – With Questions & Solutions (100% Accurate) LVMH Expert Certification Exam – With Questions & Solutions (100% Accurate) Looking at distribution, is Brick and Mortar still an important part of the luxury story? - ANSWER - YES Which characteristics may help to measure the luxuriousness of an offer? - ANSWER - · Price · Quality · Scarcity · Signed by brands. · Controlled channels · Personalized services · Delivering experiential rewards How...

Inside LVMH Final Quiz (For Certification) || 100 Questions & Answers (Rated A+) Inside LVMH Final Quiz (For Certification) || 100 Questions & Answers (Rated A+) Which of the following statements are part of the 6 pillars of the LVMH business model? - ANSWER - - Sustaining savior faire - Creating synergies - Balance across business segments and locations - Decentralized organization Which characteristics may help to measure the luxuriousness of an offer? - ANSWER - - Price - Quality ...

According to Nina Cooper from Parfums Christian Dior, a key challenge in the omnichannel world is to talk to different customers through various channels while conveying the same message. - Agree A brand DNA is crucial for Maisons as it directly impacts: - - the product development - the communication - the retailing - the organization A commonly used definition of Sustainability is based on three pillars: maximizing simultaneously the biological system goals, economic system goals, and s...

What are the THREE characteristics of the hospitality industry that make it dynamic and challenging? Ans- Intangibility- No Test Drive Inseparability- Production and consumption Perishability- Cannot sell tomorrow What is the difference between demographics and psychographics? Ans- Demographics measure factors in the population (age, income, etc) Psychographics- different patterns of activities interest and opinions. Name ONE trend in hospitality and give specific examples of how it h...

Chapter 03 Ethics, Social Responsibility, and Sustainability True/False Questions 1. The study of morality and standards of conduct is referred to as ethics. Answer: True Feedback: Ethics is the study of morality and standards of conduct. AACSB: Analytic AACSB: Ethics Bloom's: Remember Learning Objective: 03-01 EXAMINE ethics in international management and some of the major ethical issues and problems confronting MNCs. Level of Difficulty: 1 Easy Topic: Ethics and Social Re...

Mini-Sim 3 Latest 2023 Test Accurate Which characteristic is most important for the Urban Commuter segment? Comfort Part of developing a profitable product is determining how much to spend to produce your product. While industry requirements vary, a good rule of thumb is to set a 50% GROSS MARGIN. A 50% gross margin for a product that sells for $100 means that the cost of the product is $50. Given the AVERAGE PURCHASE PRICE for the Urban Commuter, what product cost should you target to achi...

Updated|Inside LVMH certificate Exam 2024/2025 Questions and Answers 100% Solved Quel secteur d'activité de LVMH a généré la plus grande part des revenus en 2022 ? Correct Answer: Mode et maroquinerie Combien de magasins LVMH gère-t-il ? Correct Answer: 5 600 magasins Qu'est-ce qui n'est pas un facteur clé pour Selective Retailing Maisons ? Correct Answer: Sélection de produits standard Laquelle de ces Maisons est la plus ancienne ? Correct Answer: CHAUMET Parmi les acti...