Which of the following best represents the concept of the "lipstick effect"?

Which of the following best represents the concept of the "lipstick effect"?


a. people who face increasing stress will often take better care of themselves
b. the latest trend among consumers is to cope with a lack of leisure time by multitasking
c. technological advances are occurring so rapidly, consumers cannot keep up the the latest trends
d. consumers will treat themselves to small luxuries, but forego larger luxury items
e. consumers wonder whether or not firms who call themselves "green" actually are


Answer: d. consumers will treat themselves to small luxuries, but forego larger luxury items


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Marketing Chapter 3

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