QUESTIONS AND ANSWERS
Select the appropriate sentences related to LVMH omnichannel strategy (select 2) - ANS -
Omnichannel is a client-centric approach aimed at providing a consistent, qualitative, and
seamless customer experience across all channels and geographies.
- Establishing a smooth omnichannel customer experience requires cross-collaboration across
all teams, departments, and through all activities - from warehouses to stores.
Looking at distribution, is Brick and Mortar still an important part of the Luxury story? -
ANS yes
According to Bain & Company, China will be the largest market for personal luxury goods in
2030. - ANS agree
Which characteristics may help to measure the luxuriousness of an offer? - ANS - Price
- Quality
- Scarcity
- Signed by brands
- Controlled channels
- Personalized services
- Delivering experiential rewards
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(all of the above)
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, How do Fashion & Leather Goods Maisons offer their clientèle unique customer experiences? -
ANS - By mastering their distribution
According to Erwan Rambourg the young generation of luxury buyers have transformed the
luxury industry in certain areas such as casualization, social media or values. - ANS true
According to Bain & Company, by 2030, online sales will represent... - ANS - 33% of the
luxury sales
What are the core values of LVMH? - ANS - Creativity & Innovation
- Entrepreneurial spirit
- Quest for excellence
- Sense of commitment
(all of the above)
What can Innovation enable at Louis Vuitton? - ANS - Share the Maison's history with the
clients
- Uphold creativity and Savoir-Faire
(all of the above)
Was Dior the first international LVMH brand to enter the Chinese market? - ANS true
A commonly used definition of Sustainability is based on three pillars: maximizing
simultaneously the biological system goals, economic system goals, and social system goals. -
ANS true
Sustainability and sustainable development can be seen as the ability to meet the needs of the
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present without compromising the ability of future generations to meet their own needs. -
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ANS agree
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