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Topic: Luxury good

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Inferior good

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Prada

	Luxury good - Wikipedia, the free encyclopedia
		Luxury goods are said to have high income elasticity of demand: as people become more wealthy, they will buy more and more of the luxury good.
		That is to say, a luxury good may become a normal good or even an inferior good at different income levels, e.g.
		There are also goods that are perceived as luxurious by the public simply because they play a role of status symbols as such goods tend to signify the purchasing power of those who acquire them.
	en.wikipedia.org /wiki/Luxury_good (854 words)

	New luxury caters to the middle class - CNN.com
		New luxury customers are willing to spend an amount of money disproportionate to their income for a product they consider highly important, said Silverstein who is also a senior vice president at the Boston Consulting Group.
		When consumers buy the luxury good, they are essentially buying the story, which satisfies the emotional need, he said.
		Indoor plumbing was considered a luxury at the end of the 19th century, but is now considered a measurement of whether someone is living in poverty, he said.
	www.cnn.com /2006/US/10/18/bin.luxury.overview/index.html (982 words)

	Frequently Asked Questions (via CobWeb/3.1 planetlab1.netlab.uky.edu) (Site not responding. Last check: 2007-11-04)
		Good Hope provides a romantic setting for a bride and groom complete with breathtaking views of lush mountains in the gorgeous Cockpit Country of Jamaica.
		Good Hope is a former sugarcane plantation that is rich in history.
		Many religious ceremonies can be accommodated at Good Hope and the reception can be your choice of a buffet preceded by hors d'oeuvres served by butlers, a casual meal, or a seated gourmet dinner followed by a custom-designed wedding cake adorned with fresh flowers.
	www.jamaicavillas.com.cob-web.org:8888 /PRESS%20good_wedding.htm (544 words)

	Luxury Cars, Luxury Sedans
		Today's luxury cars still have a lot of features, but what distinguishes them from more pedestrian fare are subtle elements like high-end materials, build quality, interior design and technology.
		He also cites the car's many optional luxury touches for rear-seat passengers, such as power-reclining seats, heaters and coolers in the cushion, a massage function, window shades, light dimmers, door closers, a refrigerator and an independent back-seat air conditioner.
		A top luxury car should be able to accelerate to 60 mph in less than 8 seconds, brake from 70 mph in less than 200 feet, and corner at.78g or better before its tires lose their grip ("g" here means gravitational force; a higher value means you can corner at higher speeds).
	www.consumersearch.com /www/automotive/luxury-cars/fullstory.html (4929 words)

	Luxury Vacations by Good Earth Travel Adventures
		Canada does not disappoint the traveler seeking luxury vacations with convenient access to the Canadian wilderness and the cozy comforts of world-class hotels, historic lodges and culinary delights.
		Luxury vacations in Canada promise the familiarity and convenience of staying close to home.
		Good Earth Travel Adventures’ professional and knowledgeable staff will help you plan the most rewarding active trip through cosmopolitan cities, extensive National Mountain Parks and the breathtaking Canadian backcountry for the perfect stress-free active holiday.
	www.goodearthtravel.com /luxury_vacations.htm (315 words)

	Average Luxury Consumer Spent $53K in 2005
		A moderating factor in the growth of personal luxuries is that the super-affluent households (incomes $150,000 and above) didnât hold up their high 2004 spending levels, while spending on personal luxuries among the near-affluent ($75,000 to $99,999) and the affluent ($100,000 to $149,999) increased at a significant rate.
		But even the GenXer luxury consumers, who are at a more materialistic life stage and who spend proportionately more on luxury goods than boomers, also exhibit an equally strong passion for experiences.
		Luxury marketers, especially those grounded in the traditional luxury goods business, need to understand this experiential shift and develop strategies to turn their luxury goods into a real experience for their customers,â Danziger said.
	www.diamonds.net /news/newsitem.asp?num=14978 (695 words)

	Luxury - 999 Luxury (Site not responding. Last check: 2007-11-04)
		Luxury goods are said to have high income elasticity of demand: as people become more wealthy, they will buy more and more of the luxury good at an increasing rate.
		Luxury goods are are commonly bought by consumers who seek to reinforce their self-image through the products' association with luxury and wealth.
		A luxury brand or prestige brand is a brand associated with luxury goods.
	www.sosluxury.com (471 words)

	Good Earth Travel Adventures - About Good Earth: Luxury Vacations
		Every Good Earth trip includes a comprehensive array of Trip Management Services designed to personalize your experience and deliver a vacation that is the best it can be.
		Good Earth Travel Adventures will be the leader in personalized, active travel by developing an integrated global network of locally owned trip management centers.
		Good Earth Travel Adventures is a member in good standing with the following regional and provincial tourism organizations.
	www.goodearthtravel.com /about_good_earth.htm (325 words)

	Stay-at-Home Motherhood as a Luxury Good \| TPMCafe
		The reasons European women have it so good (My Norwegian friend had the agonizing decision of taking 12 months off at 80% of her salary or 10 months at 100% after each or her 3 children were born.) is because the gov't pays for these services.
		The idea is that having good child care shouldn't be a luxury--that it's a bad long term strategy for a society to treat quality child care as a good available only to the wealthy or to those who are far-sighted.
		Things are good now for her, and no doubt you both intend to keep it that way, but many families find that the pressures of middle age lead to break-ups and result in single-motherhood, with an acompanying precipitous decline in income for raising the children.
	houseoflabor.tpmcafe.com /story/2005/9/20/64420/9108 (11552 words)

	Luxury Isn’t What It Used to Be — HBS Working Knowledge
		"Luxury goods are in essence a highly creative field," notes Thuy T. Tranthi (HBS MBA '93), president of Thomas Pink USA, the London-based shirtmaker.
		The enduring quality of a particular luxury good can be part of its appeal, yet consumers—particularly young, fashion-conscious consumers—want a product that looks fresh and unexpected.
		Luxury goods are in essence a highly creative field.
	hbswk.hbs.edu /item/4321.html (2648 words)

	Luxury SUVs, Sanity and Silliness -- Inside Line (Site not responding. Last check: 2007-11-04)
		The first sport-utility from a luxury carmaker, the Mercedes-Benz M-Class, was created in 1997 to compete with upscale models of the Ford Explorer and the Jeep Grand Cherokee.
		Alas, while other luxury brands are developing their second- and third-generation SUVs, as well as multiple models, Audi is just coming to market with its first SUV — the Q7.
		But like previous luxury SUVs, some of them will be developed with sanity and some of them will exude the silliness of their creators.
	www.edmunds.com /insideline/do/Columns/articleId=110155 (864 words)

	Luxury Chess Sets - ChessBaron Luxury Chess
		Luxury chess sets like this are for sale in chess boutiques for three and four times the price.
		The Bronte design is a luxury chess set which is unusual enough to be be regarded as different but also has authentic staunton as a major influence in the design.
		The photography is good but it's too difficult to catch the real beauty of the set with a two dimensional photo, or indeed, with these inadequate words.
	www.chessbaron.biz /luxury-chess-sets.php (4767 words)

	Luxury Villas by Linda Smith - Good Hope Plantation (Site not responding. Last check: 2007-11-04)
		Guests may enjoy tennis, hiking through the luxuriant unspoiled grounds, and horseback riding (100 miles of trails, different trail rides possible each day from mountaintop to cool riverbed through untouched bush country).
		To stand still for several moments invites the sounds of horses neighing across the valley, the braying of a distant donkey, perhaps the bawling of a calfing cow, the chirping of birds and merely the wind.
		While Good Hope can accommodate 33 guests, its configuration in individual buildings and cottages makes it perfectly suitable for 2 or 3 couples or a small family.
	www.jamaicavillas.com /goodhope.html (1319 words)

	Michigan Tourism Business: Luxury Travel
		Defining what is or isn’t a luxury is no simple matter, and there is surely no one definition which fits all people under all circumstances.
		While this doesn’t resolve the problem of defining luxury, pleasure travel is more often than not considered to be a luxury which is sufficient reason to consider what this means to travel service providers.
		These results confirm that travel is considered to be a superior good as defined by economists, because its consumption increases as income increases.
	www.imakenews.com /tourism/e_article000110672.cfm (660 words)

	CNN.com - SARS brings luxury market down - Apr. 4, 2003
		Goldman Sachs analyst Jacques-Franck Dossin downgraded the European luxury goods sector in a research note to "cautious" from "neutral," citing the concerns over Severe Acute Respiratory Syndrome (SARS) and the probability of an extended war in Iraq.
		Total global luxury good sales stood at about $66 billion in 2000, according to Chicago-based market research firm Mintel Consumer Intelligence, and total sales are forecast to reach $75 billion in 2004.
		Meanwhile, a luxury goods analyst with Lehman Brothers in London estimates that reduced travel spending could impact 1 to 2 percent of revenue and 3 to 5 percent of profit for branded goods in 2003.
	www.cnn.com /2003/BUSINESS/04/04/sars (829 words)

	Luxury goods companies mull stock market listings - Nov. 17, 2000
		The companies involved are no small fry: Italian leather goods and fashion company Prada (formally known as I Pellettieri d'Italia SpA) recently confirmed it is considering floating between 25 and 30 percent of the firm next year, which analysts say could value it at around 15 trillion lira ($6.78 billion).
		Analysts also warn that luxury companies can be limited in their growth potential by the need to preserve the cachet of their brands: expanding too much can dilute the upscale image that explains a large part of their appeal.
		Gucci, which is sitting on some $2.5 billion in cash, is also looking to acquire other luxury goods companies, but has stayed mum on when and what.
	money.cnn.com /2000/11/17/europe/luxe/index.htm (1184 words)

	Luxury - Wikipedia, the free encyclopedia
		Luxury goods, an economic good for which demand increases more than proportionally as income rises, contrast with
		Luxury box, a term for a special seating section in arenas, stadiums and other sports venues
		From Luxury to Heartache, an album by New Wave band Culture Club
	en.wikipedia.org /wiki/Luxury (238 words)

	Luxury Real Estate
		In addition, most luxury agents focus on listing homes, and many times out of obligation to their seller, they will attempt to push or "strongly encourage" you to buy one of the homes they are listing.
		While this type of setup happens to be great for the agent's seller, it isn't necessarily good for you and at the very least, unless their listed home is truly your dream home, you could wind up with limited options presented to you or left to research through the MLS on your own.
		The most important decision you will make in your purchase of a luxury home is the decision about representation.
	www.seattleluxury.com /realestate/index.php (1384 words)

	Newport Rhode Bed & Breakfast Inn - Newport RI Hotel - Abigail Stoneman Inn Newport RI Spa B&B (Site not responding. Last check: 2007-11-04)
		Intimate luxury, refined elegance and warm hospitality, the romance of a distinguished Victorian home, the detailing of a Grand Hotel, plus the one-of-a-kind personal service amenities that have created quite a buzz.
		luxurious suites and state rooms are pretty special too.
		The Legendary Inns of Newport is a distinguished group of luxurious Newport Rhode Island Bed and Breakfast Inns.
	www.abigailstonemaninn.com (245 words)

	Supply and Demand: The Market Mechanism (via CobWeb/3.1 planetlab1.netlab.uky.edu) (Site not responding. Last check: 2007-11-04)
		As the price of a good falls (other prices remaining unchanged), the good becomes relatively cheaper than other goods and you substitute the good for others goods that are now relatively more expensive.
		Inelastic demand would be expected for goods with the following characteristics; goods or services with no close substitutes, goods that are seen as necessities (not easily replaced), and goods that are inexpensive and a small part of a consumers budget.
		An inferior good, in contrast, shows decrease demand as income increases (in this case the shift in the demand curve would be to the left).
	krypton.mnsu.edu.cob-web.org:8888 /~renner/supdem.htm (5180 words)

	ASTA Educational Programs (Site not responding. Last check: 2007-11-04)
		Luxury travel is one of the most profitable markets available to any travel agent.
		Luxury travelers are sophisticated buyers who challenge good agents and, at the same time, allow them to be creative.
		The luxury market is a great place to be for the agent who is truly prepared.
	www.astanet.com /education/books/LuxuryTravel-PassportToProfit.asp (779 words)

	Luxury Alloys .Com - Three Piece Custom Wheels (Site not responding. Last check: 2007-11-04)
		With over 25 years of experience AG Luxury Alloys has been creating custom wheels with exacting tolerances, precision machining and extreme attention to detail.
		During the checkout process you will be asked what type of luxury vehicle you own.
		When you decide to continue with your purchase, a 50% nonrefundable deposit is required before the wheels are machined by the manufacturer.
	www.luxuryalloys.com (171 words)

	Inflatable chair and Air mattresses, pool toys, beach toys, inflatables available to buy for sale in the UK for ...
		They were good, a lot of puff to get them up but the Maldivian lads enjoyed the 2 dollars to do it.
		Good for sleeping on as a campbed for camping, these come in blue and pink.
		The double inflatable airbed is wonderful for a couple whether on honeymoon or holiday and is great fun with children and as a pool toy.
	www.antibes.co.uk /inflatables/uk.htm (5202 words)

	Luxury Loses Its Luster - Forbes.com (Site not responding. Last check: 2007-11-04)
		And the monolith of all luxury goods firms, Paris-based LVMH Moet Hennessy Louis Vuitton (nsadaq: LVMH - news - people), the parent company of brands including Christian Dior, Donna Karan and Dom Pérignon, said its October sales dropped 5%.
		Most luxury good companies--including Tiffany, LVMH and Waterford, sited Sept. 11 events as the root of the decline.
		Although the stocks of luxury goods firms dropped significantly when trading resumed Sept. 17, their price-to-earnings ratios are mostly in the mid-20 to mid-30 range.
	www.forbes.com /2001/11/16/1016luxury.html (1054 words)

	Barbados Cottages and Villas - Little Good Harbour
		NEW AT LITTLE GOOD HARBOUR - We are in the finishing stages of adding 6 luxurious three bedroom three bathroom condominiums which will be available from November 2006.
		These suites, set in the lush gardens, are ideal for families looking for their own private villa with the security of knowing that they are within the confines of a luxury hotel.
		Our main objective at Little Good Harbour is to make our guests stay as easy as it can be.
	www.littlegoodharbourbarbados.com /index1.html (334 words)

	LuxuryRealEstate.com - California Real Estate
		In addition to scenic lure, luxury waterfront properties in both costal areas and wine country also tend to appreciate at a faster rate than properties in other locations, adding good sense to an already desirable investment.
		Imagine a luxury home, estate, or property just as close to the prime surfing waves of Windansea as the calm snorkeling waters of the Cove.
		Offering a taste of the good life, luxury homes, estates, and properties for sale within Napa and Sonoma Valleys are highly coveted.
	www.luxuryrealestate.com /california.html (650 words)

	Chocolate was an important luxury good throughout pre-Columbian Mesoamerica, and cocoa beans were often used as ...
		Chocolate was an important luxury good throughout pre-Columbian Mesoamerica, and cocoa beans were often used as currency.
		Improvements to the taste meant that by the 17th century it was a luxury item among the European nobility.
		The tree grows naturally in the low foothills of the Andes at elevations of around 200–400 m in the Amazon and Orinoco river basins; it is believed to have been introduced to Central America by trade and domestication from its origins in the Amazon Basin.
	www.oaxaca-restaurants.com /chocolate.htm (1439 words)

	Excellent Good Credit Home Jumbo Luxury Mortgages, Great Good Credit Luxury Home Loans, Great Excellent Credit luxury ...
		The clause in a mortgage or trust deed that stipulates the entire debt is due immediately if the mortgagee defaults under the terms of the contract.
		These are summarized in the Good Faith Estimate.
		A credit arrangement that allows a customer to borrow against a pre-approved line of credit used to purchase goods and services.
	www.713mtg.com /Mortgage_glossary_faqs.htm (6947 words)

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