A combination of price and prestige sensitivity in China has contributed to _____________________________________.
A) a large black market for counterfeit brands
B) an inability for U.S. firms to be successful there
C) large and rapid profitability for foreign firms entering the Chinese market
D) a lack of interest in prestige brands

Question

Quizplus · Accepted Answer

The combination of price and prestige sensitivity in China has led to a preference for affordable luxury goods, which has created a large black market for counterfeit brands.

A Combination of Price and Prestige Sensitivity in China Has