FAQ About Luxury Brands
Luxury Brands
one year ago | gizem
Why are luxury brand products more expensive than others?
Luxury brand products are more expensive than others due to several factors that justify their premium price points. These factors contribute to the perception of exclusivity, prestige, and high quality associated with luxury brands.
While luxury brand products may be more expensive than others, consumers often view them as worthwhile investments due to their high quality, unique design, emotional appeal, and the sense of luxury and exclusivity they provide. The higher price also helps maintain the brand's positioning and perception among consumers seeking aspirational and premium experiences.