Middle-Class Customers Are Increasingly Unwilling to Spend Their Money on Household

question 55

True/False

Middle-class customers are increasingly unwilling to spend their money on household staples with extra features because of lower income.

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Definitions:

Flying Too High

Often alludes to overconfidence or arrogance that can lead to risky behavior or decisions, risking a fall from success or favor.

Closed Group

A type of group with fixed membership where entry is restricted to certain individuals.

Social Needs

The human desire for belonging, intimacy, and interpersonal relationships, situated mid-level in Maslow's hierarchy.

Teams Identity

The collective sense of being and belonging that develops among members of a team, influencing how they see themselves as part of the group.