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Status symbols now for consumers

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Status symbols are products, such as Rolex watches or expensive sports cars, that we value because they show others how much money or prestige we have. Do you believe that your peer group values status symbols? Why or why not? If yes, what are the products that you think are regarded as status symbols now for consumers your age? Do you agree with the assertion in this chapter that a cell phone is a status symbol for many young people?

Reference no: EM132414464

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