A Major Class Difference Involves the Worldview of Consumers

question 140

Multiple Choice

A major class difference involves the worldview of consumers. These behaviours are typical of higher- status classes EXCEPT:

• A) they are more likely to be conservative and family oriented
• B) they tend to be concerned about appearance and body image
• C) they tend to evaluate products in terms of style or fashionability rather than in utilitarian terms
• D) they tend to focus on long- term goals such as saving for university education or retirement
• E) they are more likely to experiment with new products or styles

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Definitions:

Interest

The cost of borrowing money, typically expressed as an annual percentage of the loan amount.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenue.

Profits

The financial gain obtained when the revenue from business activities exceeds expenses, costs, and taxes.

Retained Earnings

The portion of net income that is kept within a company rather than distributed to shareholders as dividends.