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A culturally defined group to which a consumer belongs based on resources like prestige, income, occupation, and education is known as a _____.

User NicoWheat
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1 Answer

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Answer: Social Class

Step-by-step explanation:

Social class and income level are closely related with each other but these two are different concepts. Income level is largely based on the monetary resources a consumer have. Whereas social class defined a group of consumers which is based on the income, prestige, occupation, education. Social class have two recognizable components:

(1) Income

(2) Occupation

Everyday consumers are trying to improve their life by increasing the income level and moving up the social class.

User Tommy Andersen
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