Social class can have a profound effect on consumer spending habits. Perhaps the most obvious effect is the level of disposable income of each social class. Generally, the rich have the ability to purchase more consumer goods than those with less income, and those goods are of higher quality.
1 votes Thanks 1
TheGodfather
Thank you for you answer hope you help more people about your intelligence appreciate it ;)
Answers & Comments
Answer:
Social class can have a profound effect on consumer spending habits. Perhaps the most obvious effect is the level of disposable income of each social class. Generally, the rich have the ability to purchase more consumer goods than those with less income, and those goods are of higher quality.
Answer:
Describe the personal and psychological factors that may influence what consumers buy and when they buy it.
Explain what marketing professionals can do to influence consumers’ behavior.
Explain how looking at lifestyle information helps firms understand what consumers want to purchase.
Explain how Maslow’s hierarchy of needs works.
Explain how culture, subcultures, social classes, families, and reference groups affect consumers’ buying behavior
Step-by-step explanation:
HOPE IT HELPS.❤❤❤