1. exchange rate factor: the exchange rate of the Turkish lira against the US dollar has been low, which makes the Turkish lira relatively cheap when buying luxury goods such as LV.
2. Price discrimination: Luxury brands such as LV will adopt different pricing strategies for different regional markets. The Turkish market is considered to be a price-sensitive market, so the price of brands in Turkey will be lower.
3. Competitive pressure: The competition in the luxury goods market in Turkey is relatively fierce, and brands such as LV will make certain price compromises in order to remain competitive in the Turkish market.