LVMH Course Quiz QUESTION WITH
ANSWERS
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According to Anne Michaut, select key principles of Luxury. - CORRECT ANSWERS--
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.
A commonly used definition of Sustainability is based on three pillars: maximising
simultaneously the biological system goals, economic system goals, and social system
goals. - CORRECT ANSWERS-True
Sustainability and sustainable development can be seen as the ability to meet the
needs of the present without compromising the ability of future generations to meet their
own needs. - CORRECT ANSWERS-True
Emotional value... - CORRECT ANSWERS-... 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.
According to Serge Carreira, which are the essential values of luxury? - CORRECT
ANSWERS-All of the above
How is Sephora reducing CO2 impacts? - CORRECT ANSWERS-- by using renewable
energy contracts
- by reducing the packaging
-by promoting "Good for" sustainable product selection
, Which of the following are part of LVMH's LIFE 360 Program to positively impact the
environment? - CORRECT ANSWERS-- Protect Biodiversity
- Fight Climate Change
- Creative Circularity
- Traceability and Transparency
What is the goal of the Bee Respect platform? - CORRECT ANSWERS-A platform that
offers more transparency on the supply chain and whole life cycles of Guerlain products
Louis Vuitton launched in 2020 its Committed Journey program, with an environmental
roadmap based on three pillars.
(Select the proposal that is NOT a pillar of this program.)
- Responsibly source all raw materials
- Fight against climate change through ambitious actions to decrease carbon emissions
- Foster sustainable viticulture
- Deploy circular creativity processes - CORRECT ANSWERS-Foster sustainable
viticulture
What are the talent-centric objectives to foster an inclusive culture at LVMH? -
CORRECT ANSWERS-- 50% of women in key positions by 2025
- 2% of people with disability by 2025
- 30% of people of color in leadership positions in the US by 2026
The Life Cycle Assessment (LCA) is a methodology assessing the environmental
impacts that are associated with the whole life cycle of a product, process or service. -
CORRECT ANSWERS-True
The circular economy is a model of production and consumption which involves sharing,
leasing, reusing, repairing, refurbishing and recycling existing materials and products as
long as possible. - CORRECT ANSWERS-True
How is Parfums Christian Dior committed to protect flowers? - CORRECT ANSWERS--
by cultivating flowers on a regenerative way within the upstream supply chain
- by helping reintroduce flowers into agricultural ecosystems
How can you help your (future) organisation harness diversity in a way that promotes
greater inclusion? - CORRECT ANSWERS-All of the above
The goal of the IME (Institut des Metiers d'Excellence) is to... - CORRECT ANSWERS-
Transmit savoir-faire
According to Fabrizio Buonamassa from Bvlgari, design can be seen as art applied to
industry. - CORRECT ANSWERS-Yes
ANSWERS
Save
According to Anne Michaut, select key principles of Luxury. - CORRECT ANSWERS--
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.
A commonly used definition of Sustainability is based on three pillars: maximising
simultaneously the biological system goals, economic system goals, and social system
goals. - CORRECT ANSWERS-True
Sustainability and sustainable development can be seen as the ability to meet the
needs of the present without compromising the ability of future generations to meet their
own needs. - CORRECT ANSWERS-True
Emotional value... - CORRECT ANSWERS-... 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.
According to Serge Carreira, which are the essential values of luxury? - CORRECT
ANSWERS-All of the above
How is Sephora reducing CO2 impacts? - CORRECT ANSWERS-- by using renewable
energy contracts
- by reducing the packaging
-by promoting "Good for" sustainable product selection
, Which of the following are part of LVMH's LIFE 360 Program to positively impact the
environment? - CORRECT ANSWERS-- Protect Biodiversity
- Fight Climate Change
- Creative Circularity
- Traceability and Transparency
What is the goal of the Bee Respect platform? - CORRECT ANSWERS-A platform that
offers more transparency on the supply chain and whole life cycles of Guerlain products
Louis Vuitton launched in 2020 its Committed Journey program, with an environmental
roadmap based on three pillars.
(Select the proposal that is NOT a pillar of this program.)
- Responsibly source all raw materials
- Fight against climate change through ambitious actions to decrease carbon emissions
- Foster sustainable viticulture
- Deploy circular creativity processes - CORRECT ANSWERS-Foster sustainable
viticulture
What are the talent-centric objectives to foster an inclusive culture at LVMH? -
CORRECT ANSWERS-- 50% of women in key positions by 2025
- 2% of people with disability by 2025
- 30% of people of color in leadership positions in the US by 2026
The Life Cycle Assessment (LCA) is a methodology assessing the environmental
impacts that are associated with the whole life cycle of a product, process or service. -
CORRECT ANSWERS-True
The circular economy is a model of production and consumption which involves sharing,
leasing, reusing, repairing, refurbishing and recycling existing materials and products as
long as possible. - CORRECT ANSWERS-True
How is Parfums Christian Dior committed to protect flowers? - CORRECT ANSWERS--
by cultivating flowers on a regenerative way within the upstream supply chain
- by helping reintroduce flowers into agricultural ecosystems
How can you help your (future) organisation harness diversity in a way that promotes
greater inclusion? - CORRECT ANSWERS-All of the above
The goal of the IME (Institut des Metiers d'Excellence) is to... - CORRECT ANSWERS-
Transmit savoir-faire
According to Fabrizio Buonamassa from Bvlgari, design can be seen as art applied to
industry. - CORRECT ANSWERS-Yes
