By Invitation: Tote of Little Luxuries

Quite naturally, the economic crunch, social limitations, administrative guidelines, security considerations or a combination of these, yield a period of slowdown, temporarily. Yet others face a supply issue resulting in extreme premium prices in the short term (eg., a single bell pepper or a packet...

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Bibliographic Details
Published inImpact
Main Author Khan, Shaziya
Format Magazine Article
LanguageEnglish
Published Mumbai Athena Information Solutions Pvt. Ltd 31.05.2020
Subjects
Luxuries
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Summary:Quite naturally, the economic crunch, social limitations, administrative guidelines, security considerations or a combination of these, yield a period of slowdown, temporarily. Yet others face a supply issue resulting in extreme premium prices in the short term (eg., a single bell pepper or a packet of draincleaner for Rs 100, etc.). The Lipstick Effect The Lipstick Effect is a term for the implication that consumers will buy less costly luxury products even in a crisis.
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