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The economy is one element of the environment that can impact the success of a diversification strategy. How has LVMH's sales been affected by this
The economy is one element of the environment that can impact the success of a diversification strategy. How has LVMH's sales been affected by this type of environmental change? a. As the global economy has faced a downturn, the focus on high-priced luxury goods has led to a drop in sales. b. As the number of super wealthy consumers globally has increased, the demand for luxury goods has also increased. c. The additional costs associated with ethical sourcing that consumers now demand has driven up production costs and reduced profitability. d. The number of luxury-goods consumers has increased, as the market has expanded to include the prosperous as well as the super wealthy
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