non-essential luxury goods or services are paid very highly. The wage rate is not the economic value of a good or service‚ but more to social factors or fashion. The economic theory of wages is‚ therefore‚ of little use in explaining wage differentials. Assess this argument. Intro: Labor market supply and demand‚ wage determination‚ wage differentials general‚ ECONOMIC THEORY OF WAGES P1: production of luxury goods vs. other normal/inferior/Giffen/Veblen goods. Demand for this good influenced by
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LVMH – Various products include LV‚ Celine Moet Chandon‚ Fendi‚ Dior‚ Hennessey‚ Verve Cliquot to name a few. Very diversified products Price for price relative is on a 2 year high‚ although I do believe this is a very good stock I feel that it is a stock to hold until there is a dip. Hermes – mainly silks and two different types of bags. A very exclusive brand and maybe a bit too exclusive with not enough products; only caters to a very small market. However‚ I find this one of the more
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design‚ alongside others such as France‚ USA‚ United Kingdom‚ Germany and Japan. Fashion is definitely a natural part of the country’s cultural lifestyle and society‚ and also Italians are popular for their attention of wearing on good clothes; "la bella figura"‚ and good impression‚ remains traditional Modern history Fashion in Italy began to become the nearly all fashionable in Europe since the 11th century‚ and powerful cities of that time period‚ such as Venice‚ Milan‚ Florence‚ Naples‚ Vicenza
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Magnetic and fascinating‚ the use of mannequins can be traced as far back as 1350 BC‚ in Egipt‚ as shown by the wooden torso found in King’s Tutankhamen’s tomb. Although by that time it was preponderately used as a storing device for treasures‚ as the rise of the modern department store began in the latter half of the nineteenth century and plate glass windows and artificial lightning became more common‚ their current usage saw a groundbreaking rise in the bewitching and marvelous Paris. Since then
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Ed Hardy founder died at 57 The world especially the fashion industry has lost and hit with the sad news of the death of the well-known designer‚ and French entrepreneur‚ Christian Audigier. He is best known for creating the Ed Hardy clothing line. He has passed away at age 57. Christian Audigier‚ who is one of France’s renowned designers have gained international recognition over the years‚ He is reported to have died of Myelodysplastic Syndrome (MDS) which is also known as bone marrow failure
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The all royal-blue Just Don x Air Jordan 2 was highly sort after following the influx of the Jordan Brand with various collaborations. The shoe was popular for several reasons including the fact that it was a collaboration of the Jordan Brand and Don C‚ a highly-end menswear designer. Consequently‚ it makes sense for the team to come up with another collaborated shoe. The luxurious Don C x Air Jordan 2 is set for release late this month. The details and confirmation about this release is here with
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Good Customer Service Good customer service is all about bringing customers back. Due to intangibility‚ the customers can’t feel the service‚ and thus causes lack of confidence of customers to the services. Therefore‚ the business should ensure that they provide a good‚ nice‚ friendly and professional service to the clients. The essence of good customer service is forming a relationship with customers – a relationship that that individual customer feels that he would like to pursue. The staff
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service which is the most demanding by the customer .AET transport has rental and leased agreement with some of the largest trailer leasing and rental companies in an Australia. The main purpose of the AET Company is providing good customer service and supplies their goods on time. AET transport takes pride in safety and compliance. They have mission to provide and improve their customer’s service. Mission statement:- Transportation Services mission is provide to safe‚ economical
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Sporting Goods Store Bill Thompson is the new manager of a retail sporting goods store in Vermont that is part of a national chain. Bill‚ who is 25 years old‚ has been working for the company for four years. Before his promotion he was the assistant manager for two years at a company store in Delaware. Last week he was briefly introduced to the employees by his boss‚ the regional manager. The profit performance of this store is below average for its location and Bill is looking forward to the
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CASE 4: Pauli’s Restaurant and Microbrewery Draft a response to this customer. Analyze the responses of your classmates. What makes a good “service recovery” response. Develop some general guidelines. A. Response Letter: Dear Sir/Ma’am‚ I am writing in response to your letter in which you described your disappointment in our service. I apologize for the treatment you and your family received and want to assure you that it does not reflect the quality of service we strive to maintain. I have
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