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What is the relationship between income and luxury goods?
higher income, more luxery goods. not rocket science.
What are the key differences between a luxury good and a normal good in terms of consumer preferences and purchasing behavior?
Luxury goods are typically more expensive and associated with higher quality, status, and exclusivity, leading consumers to value them for their prestige and social status. Normal goods, on the other hand, are more affordable and cater to everyday needs, with consumers prioritizing functionality and practicality over luxury. This difference in perception influences consumer preferences and purchasing behavior, with luxury goods often being purchased for emotional satisfaction and self-expression, while normal goods are bought for their utility and value for money.
What is the difference between economic and free goods?
The difference between free and economic goods is the fact that, free goods don't cost us anything to be able to have and economic goods cost us to be able to get that service or good.
What is the difference between inferior and normal goods?
Cheese
Suppose a customer purchases only 2 goods Can both goods be luxury goods?
The goods are deserts The goods are deserts
What is the rate for Luxury Tax?
The luxury tax is a tax on luxury goods, which are products considered not essential for living. The luxury is levied at different rates depending on the price of the product.
What is the relationship between income and luxury goods?
higher income, more luxery goods. not rocket science.
What is the difference between convenience shopping and specialty goods?
Specialty items are known as "Luxury" items with "brand" appeal and purchased less on price and more on it's effect on the ego.+1Answers.comAnswers.com
What are the key differences between a luxury good and a normal good in terms of consumer preferences and purchasing behavior?
Luxury goods are typically more expensive and associated with higher quality, status, and exclusivity, leading consumers to value them for their prestige and social status. Normal goods, on the other hand, are more affordable and cater to everyday needs, with consumers prioritizing functionality and practicality over luxury. This difference in perception influences consumer preferences and purchasing behavior, with luxury goods often being purchased for emotional satisfaction and self-expression, while normal goods are bought for their utility and value for money.
Difference between expenditure on final goods and expenditure on intermediate goods?
The difference between intermediate goods and final goods is in their nature. Intermediate goods are finished goods which can be used to make other good like wool. The final goods are sold to consumers like a woolen coat.
The difference between revenue from sales and cost of goods sold?
Difference between revenue from sales and cost of goods sold is called "Gross profit".
What are the difference between white goods and brown goods of LG?
the color
Chinese merchants traded luxury goods for?
Luxury good were traded by Chinese merchants for Spices, Teas, and Porcelain goods.
What is the difference between economic and free goods?
The difference between free and economic goods is the fact that, free goods don't cost us anything to be able to have and economic goods cost us to be able to get that service or good.
What is difference between merit and mixed goods?
Yes
What is the difference between inferior and normal goods?
Cheese
Suppose a customer purchases only 2 goods Can both goods be luxury goods?
The goods are deserts The goods are deserts
