What is one of the main reasons for the growth of the luxury resale market?
Is luxury fashion resale losing some of its sparkle?

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Business, Social Studies, Information Technology (IT), Architecture, Arts
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University
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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