{"iri":"https://folio.openlegalstandard.org/RBguYnVVl5fmAxjW2p0fNkw","label":"Luxury Market Segment","sub_class_of":["https://folio.openlegalstandard.org/RQbVKPVl5dj5nW6aXoNxx4"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"Premium Market","alternative_labels":["High-end Market","Luxury","Premium Market Segment"],"translations":{},"hidden_label":null,"definition":"The luxury segment refers to a specific portion of the market that is characterized by consumers who seek high-end, premium products and services. This segment is associated with luxury goods that offer exclusivity, superior quality, and a high level of craftsmanship, catering to consumers who are willing to pay a premium for these attributes.","examples":["Gourmet Foods","Private Jet Services","Yacht Manufacturer"],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}