INSIDE LVMH CERTIFICATE 2024/2025 EXAM QUESTIONS AND COMPLETE WELL EXPLAINED ANSWERS WITH RATIONALE 100% VERIFIED AS CORRECT LATEST UPDATE 2024 GRADED A+[ALREADY PASSED]

INSIDE LVMH CERTIFICATE 2024/2025 EXAM QUESTIONS AND COMPLETE WELL EXPLAINED ANSWERS WITH RATIONALE 100% VERIFIED AS CORRECT LATEST UPDATE 2024 GRADED A+[ALREADY PASSED] How do Fashion & Leather Goods Maisons offer their clientèle unique customer experiences? By mastering their distribution According to Erwan Rambourg the young generation of luxury buyers have transformed the luxury industry in certain areas such as casualisation, social media or values. TRUE According to Bain & Company, by 2030, online sales will represent... 33% of the luxury sales What are the core values of LVMH? · Creativity & Innovation · Entrepreneurial spirit · Quest for excellence · Sense of commitment What challenges can you be faced with when innovating in the luxury sector? · Integrating the human sensibility within innovation · Finding the right pace of innovation How are eco-conscious customers adapting their consumption? · Rethinking the product as a service (rental) and not only a good to own · Rediscovering vintage products According to Anne Michaut, select key principles of Luxury · Consumers have a range of consumption motivations. · Consumers tend to express their values through the brands they select. · Brands can become powerful personal branding tools as they project clear and strong values. · Brands can deliver higher perceived value to their customers by expressing their own values. Emotional value... ... is about the ability of brands to create affective responses all the way to strong emotions of joy and pride, and to identify and nurture these emotions. A commonly used definition of Sustainability is based on three pillars: maximising simultaneously the biological system goals, economic system goals, and social system goals. TRUE Sustainability and sustainable development can be seen as the ability to meet the needs of the present without compromising the ability of fu