Social Class Has Declined as a Method of Segmentation as a Result

question 12

Multiple Choice

Social class has declined as a method of segmentation as a result of ______.

• A)Higher education rates in the United States
• B)Readily available credit flattening the classes
• C)The increase in minority consumers
• D)Stores appealing to everyone
• E)None of these

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Definitions:

Inefficiency

A situation where resources are not used in the best possible way, often leading to waste and a lower output than could be achieved.

Trade

The exchange of goods, services, or both between two or more parties.

Factors of Production

The assets employed to produce goods and services, encompassing land, labor, capital, and entrepreneurship.

Command Economy

A type of economic system where production, investment, prices, and incomes are determined centrally by a government.