Which of the Following Best Explains Why Marketers Do Not

question 10

Multiple Choice

Which of the following best explains why marketers do not consider social class segments as strictly as they once did?

• A) Many consumers buy according to the social class image they wish to portray rather than according to where they actually fall in the social class framework.
• B) Due to the Great Recession, members of the upper class have become members of the middle class, and members of the middle class have become members of the lower class.
• C) Data related to social class are more complicated and difficult to obtain and analyze than they once were.
• D) Social class in the United States is more related to education and family history than to wealth.
• E) Members of the upper and middle classes are unlikely to be attracted to any products marketed toward members of the lower classes.

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Definitions:

Economic Theory

A set of principles and concepts used to explain how economies operate and to make predictions about economic behaviors and outcomes.

China

A country in East Asia, known as the world's most populous nation with a continuous culture stretching back nearly 4,000 years.

United States

The United States is a country in North America, known for its significant influence on global economic, political, and cultural affairs.

Trade

The trading of goods, services, or a combination of both among two or more entities.