Many brands strive to be "affordable luxuries"-products or services characterized by high levels of perceived quality, taste, and status and with a price just high enough not to be out of consumers' reach.

Question

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This statement accurately describes the concept of "affordable luxuries" where brands aim to provide products or services that are perceived to be of high quality and status but still remain affordable to consumers.

Many Brands Strive to Be "Affordable Luxuries"-Products or Services Characterized