Question

The opportunities for self-expression and social emulation are factors that regularly motivate consumers to purchase _____________________________.

Option 1: Basic Necessities
Option 2: Luxury Goods
Option 3: Generic Products
Option 4: Staple Commodities

Answer 1

Factors such as self-expression and social emulation lead consumers to purchase luxury goods, which are often viewed as status symbols and are consumed more as personal income rises.

Step-by-step explanation:

The opportunities for self-expression and social emulation are factors that regularly motivate consumers to purchase luxury goods. These items are often associated with social status and personal taste, as illustrated by concepts like commodity fetishism and conspicuous consumption. When income rises, people typically increase their consumption of normal goods, which are goods and services that people buy more of when their income increases.