Describe the correlation between social status and income

Assignment Help Management Theories

Reference no: EM131365339

1. Describe the correlation between social status (or prestige) and income. Which is a more useful segmentation variable? Discuss.

2. Which status-related variable - occupation, education or income - is the most appropriate segmentation base for:

(a) expensive holidays,

(b) opera subscriptions,

(d) fat-free foods,

(e) personal computers,

(f) pocket-size mobile phones and

(g) health clubs?

Reference no: EM131365339

Questions Cloud

Three dimensions apply to the project : 1. What would happen if one of the level of the three dimensions is not apply to the project?

Why is the objective method preferred by researchers : Under what circumstances would you expect income to be a better predictor of consumer behaviour than a composite measure of social class?

Discuss about the justification of human rights : Create a chart in a Microsoft Word document comparing the four selected theories. Your chart must include the following:A description of the basic tenets of each theory.A description of the historical or social setting of each theory.An explanation o..

Establishing special parking spaces : 1. What are they going to be involved with: making things nicer for employees, establishing special parking spaces, or what? If this is what the group is doing, how long do you think this will last?

Describe the correlation between social status and income : Describe the correlation between social status (or prestige) and income. Which is a more useful segmentation variable? Discuss.

Find the doping profile of the n-type semiconductor : What is the built-in voltage of the diode (from Region I data)?

Functioning as an organizational development consultant : Functioning as an organizational development consultant, prepare a formal recommendation, for the new software manager, on how best to facilitate the group's acceptance of the virtual team approach to successfully execute a Cloud Project.

Lifestyle difference between social classes in marketing : Consider the Rolex watch, which has a retail price range starting at about €2,000 for a stainless-steel model to thousands of euros for a solid gold model.- How might the Rolex company use knowledge of lifestyle differences between social classes i..

Discuss about the scope creep : Describe a previous project in which you were involved, where scope creep occurred. Explain why it occurred and at least one (1) way it could have been prevented.

User Account

All Pages