アンサー２：The argument that the market for the luxury-goods industry is on the decline is not entirely logically convincing, since it ignores certain crucial assumptions.
First, the argument assumes that luxury goods are, by nature, nonessential, this market will be the first to decrease in the present economic climate, and luxury retailers should refocus their attention to lower-priced markets. This argument lacks sources or evidence and went directly to a generalization. There is not enough evidence can show that if the market decrease then luxury retailers should refocus their attention to lower-priced markets. It might have ended up there in some other way. For example, in some cases, even the market decreased, there are still some rich people want to buy luxury goods. Then, there is no need for luxury retailers should refocus their attention to lower-priced markets. And to strengthened this argument, a study about the rate of luxury good in the market must be published to provide more information to luxury retailers.
Second, the argument never addresses the point that the average sales' profit versus the gross profit of the luxurious items'. There is must be a big difference between the average sales' profit with luxurious items'. This argument should make a comparison between these two different things first. And, There must be a concrete evidence that the total revenues or sales of the luxury items really differ from its total earnings. Because luxury goods in the market are said to have high income elasticity of demand: as people become wealthier, they will buy more and more of the luxury good. This also means, however, that should there be a decline in income its demand will drop.
Finally, the argument omits the other components of non essential categories. Non essential categories do not only contain luxury goods, but also contain other goods such as alcoholic drink, cigarette and so on. The conclusion is only focused on luxury goods, and do not take account for other non essential goods. Thus, in order to strengthen the argument,the author should provide more information about other non essential categories.It makes the argument more reliable.
From what I have mentioned above, the argument is not completely sound. The evidence in support of the conclusion that luxury retailers should refocus their attention to lower-priced markets does little to prove that conclusion, since it does not address the assumptions already raised. Ultimately, the argument might have been strengthened if the author could have shown that the argument can be stated specific market trends for a period of time.(424 words)
