Some Theorists Do Not Include Income in Their Measure of Social

question 37

Essay

Some theorists do not include income in their measure of social class, arguing that it is unnecessary. Defend this point of view and also explain why income is added when measuring social class in marketing.

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Definitions:

Ideal Standards

Standards that assume peak efficiency at all times.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected (standard) quantity, multiplied by the standard cost of those materials.

National Distribution

The process of distributing products or goods across an entire country, often involving multiple transportation and logistics strategies.

Grams

A metric unit of mass equal to one thousandth of a kilogram, often used to measure small quantities of material.