What Is an Ascribed Status

question 33

Multiple Choice

What is an ascribed status?

• A) It is about social promotion and rites of passage.
• B) It refers to personal factors that are chosen or earned.
• C) It is attained by virtue of how well a person performs.
• D) It is connected to people's race,gender,and age.

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Definitions:

Selling Price

The amount of money for which a product or service is sold to customers.

Skimming Pricing Strategy

A pricing strategy where a product is initially sold at a high price, which is gradually lowered to attract more price-sensitive customers.

Home Electronics

Electronic devices intended for everyday use in private homes, such as televisions, refrigerators, and microwaves.

Penetration Pricing

A strategy of setting a low initial price for a product or service to attract customers quickly and gain market share.