Final answer:
The three social class factors influencing buyer behavior, as noted by Albrecht et al. (2023), are income and resources, education level, and occupational prestige. These factors shape consumer power and preferences and are reflected in societal behaviors, including voting patterns and child-rearing practices that perpetuate the class system.
Step-by-step explanation:
According to the research by Albrecht et al. (2023), the three social class factors that significantly influence buyer behavior include income and resources, education level, and occupational prestige. Income and resources determine the purchasing power of a consumer, higher levels of education can influence preferences and purchasing habits, and occupational prestige often correlates with both income level and societal perceptions that can drive consumer behavior.
An example of these influences can be seen in voting practices, where lower-educated, lower-paid workers may have lower voting rates due to factors such as reduced flexibility in work hours or less access to quality daycare. Similarly, social class influences how children are raised, with wealthier families emphasizing judgment and creativity, which are beneficial traits in managerial and problem-solving careers, thereby reproducing the class system.
Furthermore, patterns of socialization, such as those stamped by gender norms and perceptions of race, are also informed by class-related behaviors, highlighting the deep-rooted impact of social class across various aspects of life.