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The Impact of Value Perception on Luxury Brand Consumption

DOI: 10.4236/ojbm.2023.115126, PP. 2288-2309

Keywords: Luxury Brand, Perceived Value, Customer Behavior

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Abstract:

The purpose of this paper is to explore the impact of consumers’ perceived value on luxury brand consumption by discussing each variable and the relationship between them through a comprehensive analysis of the previous literature and collecting primary data through the use of self-administered surveys, comprising of questions related to consumption, value perception, personal attitudes and demographics in order to determine whether the relationship between both variables is a positive or negative one. The findings suggested that there is indeed a positive, although not significant relationship between both variables, partially due to the study’s limitations, which included a small sample size, ultimately making it difficult to generalize results on the population.

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