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Here's a brief comparison table outlining the shifting business strategies from budget to
luxury and luxury to budget:
|-----------------------|---------------------------|---------------------------|
| Pricing Strategy | Value-based pricing, focused on affordability and competitive pricing | Prestige
pricing, emphasizing exclusivity and high margins |
| Marketing Approach | Emphasizes affordability, value for money, and practical benefits | Focuses
on brand image, lifestyle associations, and emotional appeal |
| Customer Experience | Functional and efficient customer service with less emphasis on
personalized experiences | Highly personalized customer service, exclusive events, and luxury perks |
These are generalizations and actual strategies may vary based on specific industries, target markets,
and business objectives.