Located in Phoenix, Arizona's Arcadia district is the Camelback Flowershop, basically the floral equivalent of haute couture. Owner Teresa Wilson gets her flowers from around the globe, including Holland, Germany, South America and New Zealand. The shop also does special events and weddings to make any day extra special.
Walk into Camelback Flowershop and you'll be greeted with champagne and cappuccino. Not too shabby.
Implications - All industries should take into account the extremely differing economic situation. Businesses should be able to offer products that cater to consumers within a variety of financial situations. By providing products at a wide-range of price points, businesses can ensure they heavily penetrate their particular consumer market.