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Analyzing Consumer Perception and Evaluation of Luxury Products: Challenges and Future Research Directions

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The Oxford Handbook of Luxury Business

Subject: Consumers’ Perceptions and Evaluations of Luxury and Luxury Brands

Accessed via: Klaus-Peter Wiedmann, Chapter 14, pp.287-308 from the book published on July 14, 2021.

In this chapter, we delve into a critical examination of methodologies employed to gauge consumer perception and evaluation of luxury goods. We start with elucidating the intricate relationship between customers and luxury brands, followed by presenting and analyzing popular measurement concepts in this area. This discussion will highlight three critical challenges that future research eavors need to address:

1 Identifying pertinent points of reference for evaluating luxury products requires a systematic and nuanced approach.

2 The dynamic interplay between conscious and subconscious perception necessitates comprehensive investigation.

3 Recording the perceived value of luxury brands demands a more sophisticated .

Subsequently, we offer initial proposals med at addressing these research gaps. This chapter primarily guide researchers in understanding consumer perspectives on luxury goods through an integrative analysis of existing literature and innovative insights.

Keywords: Luxury Perception, Reference Points, Value Associations, Levels of Luxury, Luxury Brands, Implicit Information Processing, Explicit Information Processing, Unconscious Drivers, Conscious Drivers, Measurement, Perceived Luxury Value

Subject: Marketing

Business Strategy

Business and Management

Collection: Oxford Handbooks Online

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Consumer Perception of Luxury Brands Measurement Concepts in Luxury Evaluation Challenges in Evaluating Luxury Products Future Research on Luxury Branding Insights Value Associations with Luxury Goods Integrative Analysis of Luxury Perceptions