| Summary: | ABSTRACT
This dissertation mainly aims at making a deep exploration of China Post-80s consumers’ perceptions of luxury products and why China Post-80s consumers purchase them. The existing literature on luxury is reviewed and using the framework, developed by Tynan, McKechnie and Chhuon (2009), as the basis for analysis.8 interviewees, aging in the range between 21 and 27 from Hangzhou China were interviewed for understanding the research questions in an interpretive approach. The study indicates the different perceptions of understanding the word of ‘luxury’ between Chinese and Westeners, where Chinese are likely to associate this word with negative meaning which is “wasteful and lavish”. Moreover, compared to older generations, China Post-80s consumers appeared to understand luxury products based on utilitarian value, relational value and cost/sacrifice value which is in much wider perspective.
Relating to China Post-80s luxury consumption motivations, China Post-80s consumers purchased luxury products because they have to conform at the very beginning. However, the reasons kept them purchasing luxury products are mainly because of utilitarian value, symbolic value and hedonic value. Moreover, evidence of relational value and cost/sacrifice value was found to support Tynan, McKechnie and Chhuon (2009)’s framework where in their paper, these two values were not identified. Finally, academic and managerial implications of the findings, and recommendations of future research are discussed in the conclusion.
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