Asked by
Celine Balgobin
on Dec 18, 2024Verified
Nick comes from the "other side of the tracks." His father spent all his life in the mine and Nick works as a sanitary engineer. All these factors determine his:
A) social stratification.
B) savings rate.
C) consumer confidence.
D) social class.
Social Stratification
A system by which a society ranks categories of people in a hierarchy, based on factors like wealth, income, race, education, and power.
Social Class
A division of a society based on social and economic status.
- Learn about the determinants of social class and their role in shaping consumer behavior.
Verified Answer
MK
Learning Objectives
- Learn about the determinants of social class and their role in shaping consumer behavior.