Achieving brand prominence and building a strong brand asset in the booming consumer markets of China are critical for many businesses today. Affluent consumers are likely to be willing to pay a premium for a branded product that is perceived to have better quality and convey higher status and lifestyle value. Finding the consumer values of the elite, therefore, is of utmost importance.
This study looks at this set of preferences.
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Brand Preferences of the China Affluent
Voting on brands with their pocketbooks.
China's dynamic economy is rapidly creating a large affluent class with its own brand preferences. And they'll pay more for those they support.
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