A Classification of One's Position in a Modern System of Inequality

question 43

Multiple Choice

A classification of one's position in a modern system of inequality based on levels of education, occupational prestige, and income is called:

• A) stratification
• B) socioeconomic status
• C) social class
• D) all of the above

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Definitions:

Market Share

The share of a market dominated by a specific company or product.

Profitability

The financial gain or profit achieved by a business after all expenses have been deducted from revenue.

Ancillary Sales

Additional sales generated from goods or services that are supplementary to a company's primary product offerings.

Marketing Mix

The strategic combination of the four Ps—product, price, place, and promotion—used to market a product or service effectively.