Expensive Luxury Gadget

In contemporary marketing usage, Pr. Bernard Dubois defines ‘luxury’ as a specific (i.e. higher-priced) tier fer in almost any product or service category. However, despite the substantial body knowledge accumulated during the past decades, researchers still haven’t arrived on a common definition luxury. Many other attempts have been made to define luxury using the price-quality dimension stating higher priced products in any category is luxury. Similarly, researchers have used the uniqueness aspects luxury too. Pr. Jean-Noel Kapferer, takes an experiential approach and defines luxury as items which provide extra pleasure by flattering all senses at once. Several other researchers, focus on exclusivity dimension and argue that luxury evokes a sense belonging to a certain elite group.
Socioeconomic significance
Several manufactured products attain the status "luxury goods" due to their design, quality, durability or performance that are remarkably superior to the comparable substitutes. Thus, virtually every category goods available on the market today includes a subset similar products whose "luxury" is marked by better-quality components and materials, solid construction, stylish appearance, increased durability, better performance, advanced features, and so on. As such, these luxury goods may retain or improve the basic functionality for which all items a given category are originally designed.