Luxury Market Segment
type: Class
preferred label: Premium Market
alternative label: High-end Market
alternative label: Luxury
alternative label: Premium Market Segment
subclass of: RQbVKPVl5dj5nW6aXoNxx4
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.
example: Gourmet Foods
example: Private Jet Services
example: Yacht Manufacturer