Correlation between social status and income

Marketing
Tutor: None Selected Time limit: 1 Day

What is the correlation between social status and income? How does this affect consumer behavior? Provide examples.

Oct 21st, 2014

sometimes  the income  bsomebody earns can be used to classify  people in three social status i.e high earners for rich, middle earners for middle class and poor for those who earn even less than a dollar daily. as you know consumer income is one  the demand. thus those who earners highly like buying expensive products or service unlike low earners. like low earners can take a public transport like train  while  rich one can  an expensive car  for both going to same destination.

Oct 21st, 2014

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Oct 21st, 2014
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Oct 21st, 2014
Dec 4th, 2016
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