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Read these texts from TIME’s Nadia Mustafa’s interview with Daniel Nissanoff and match them to the most suitable question from the list provided at the end. You can use each question only once. There are three questions you will not need. (5 x 1.5 marks = 7.5 marks)
1. Historically, we have bought things with the expectation that we’re going to own them until they break or we give them away. We’re developing into a more efficient, temporary-ownership society, in which we buy things with the expectation that at some point, we’ll exchange commodities, similar to how we own cars.
2. The most popular consumer goods on eBay are designer handbags, shoes, accessories, crystal, furniture, art and electronics. There are other public sale sites, too. Amazon has a cooperative marketplace with a store-within-a-store concept, like a Louis Vuitton boutique in Bloomingdale’s. Google just started Base, which brings buyers and sellers together through advertising.
3. Kate Spade has hired 13 law-school students to sit in front of a computer all day searching for fakes. When they find one, they shut down the public sale with the push of a button. Also, delivery systems add a layer of responsibility because now there’s a real business you can look to if what you get is not what you ordered. You’re no longer dealing with a stranger on the other end.
4. You’ll start thinking, “Do I want to buy a classic handbag or a trendy one?” There’s not a big difference in cost, but the classic bag has a residual value. Also, you’re going to shop more frequently because you’re going to be able to move in and out of goods for the same price. At least one large department-store chain is considering reselling customers’ clothes on eBay in exchange for store credit. Imagine buying a new handbag with a card that says, “When you’re ready to sell this, call this number, and someone will pick it up, sell it and give you credit toward your next handbag.”
5. The Internet allows you to be anonymous in your purchasing. It’s not like you’re searching messily through someone’s garage. When you walk out of your home in that designer dress, no one will know it was previously owned. Also, some things are being sold on eBay with the tags on.
A. Do you future shop?
B. How much can you get for twice-worn $800 Jimmy Choos?
C. How will auction culture affect the luxury industry?
D. How will we shop in the future?
E. How will we shop off-line?
F. What about fraud?
G. What happened to the stigma about secondhand goods?
H. What’s being bought and sold?
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