Is luxury fashion resale losing some of its sparkle?

Is luxury fashion resale losing some of its sparkle?

Assessment

Interactive Video

Business, Social Studies, Information Technology (IT), Architecture, Arts

University

Hard

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main reasons for the growth of the luxury resale market?

Increased production of luxury goods

Pandemic lockdowns accelerating online trade

Decrease in luxury brand prices

Lack of interest in new luxury items

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated value of the luxury resale market in 2021?

$10 billion

$300 billion

$37 billion

$100 billion

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor is becoming increasingly important for luxury shoppers when buying second-hand items?

Brand loyalty

Sustainability

Seasonal trends

Immediate availability

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant challenge faced by the luxury resale market?

Lack of consumer interest

High operating costs

Overproduction of luxury items

Limited online platforms

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which item is highlighted as a lucrative asset in the luxury resale market?

Elmes Himalayan Birkin handbag

Designer clothing

Luxury watches

High-end jewelry

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common reason for luxury brands' reluctance to embrace resale platforms?

High production costs

Lack of consumer interest

Fear of losing brand exclusivity

Limited market reach

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What technology is used to combat counterfeit goods in the luxury resale market?

Virtual reality

AI and digital fingerprinting

3D printing

Blockchain