Why Has the Use of Social Class to Explain Differences

question 62

Multiple Choice

Why has the use of social class to explain differences in consumer behaviour been criticised?

• A)Because it is difficult to categorize individuals into succinct social class categories
• B)Social class categories are seen as an antiquated measure and are not an accurate measure of the differences that exist in consumer spending patterns
• C)Social class categories do not reflect changes in modern society
• D)Social class categories may not relate to differences in disposable income

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Definitions:

Long-Term Investments

Assets that a company intends to hold for more than one year, including stocks, bonds, or real estate.

Bonds

A fixed-income investment representing a loan made by an investor to a borrower, usually corporate or governmental.

Trading Investments

Securities bought and held primarily for sale in the near term to generate income on short-term price differences.

Bonds Payable

Bonds payable are long-term liabilities representing money a company must pay back to bondholders by a certain date, including the principal and sometimes interest payments.