Asked by Lindsey Norberg on Jun 01, 2024
Verified
Which sector of the population is largely responsible for fuelling Japan's luxury-goods spending?
A) single young males
B) single working women
C) young newlyweds
D) wealthy retirees
Luxury-Goods Spending
The expenditure on products and services that are considered high-quality, prestigious, and often more expensive than necessary.
- Acquire knowledge about the signs of social class and their impact on consumer behavior.
Verified Answer
BS
Barrington SaintJun 08, 2024
Final Answer :
B
Explanation :
Single working women in Japan are a significant driving force behind the country's luxury goods market. They often have disposable income and a strong interest in fashion and luxury items, contributing substantially to the sector's growth.
Learning Objectives
- Acquire knowledge about the signs of social class and their impact on consumer behavior.
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