Exam 12: Income, Social Class, and Family Structure

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What is social stratification?

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Which of the following is true regarding spendthrifts and tightwads?

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Products that are bought and displayed as markers of social class are called:

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How does Statistics Canada define a census family?

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How has the total fertility rate changed over the last century according to Statistics Canada? What impact does this have for marketers?

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The biggest emerging consumer market at present is known by its acronym BRIC. What does it stand for?

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Canada is the only G7 nation to have fully recovered in terms of employment and GDP. This has been attributed to:

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Mary is a doctor. Mike is a garbage collector. How would we define them in terms of occupational prestige? How does this relate to their social class?

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Social mobility is possible in almost any society if the person possesses something that the culture highly values.

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Briefly explain the three types of social mobility.

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Edith takes care of her elderly mother and her 28-year-old son lives at home with her. She would be labelled a member of the sandwich generation.

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Ellen was asked to fill in a questionnaire. She described herself as having the most "modern" sex-role attitudes, as more likely to engage in exercise, and as consuming more alcohol than people in other age groups. Which of the family life cycle categories would Ellen best fit?

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According to the Conference Board of Canada, one factor that appears to dampen consumer confidence is:

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There is no evidence of a pecking order for people.

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Describe the concepts of social stratification and how it relates to achieved and ascribed status.

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Consumer demand for goods and services depends on:

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Explain why marketers would be interested in the concept of "world view" regarding consumers.

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One problem in assigning people to a social class is status inconsistency. For example, consumers who earn at least 15 percent less than the median for their class must often make certain sacrifices to maintain the appearance of living up to class expectations. They are said to be:

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The proliferation of inexpensive counterfeit products threatens to diminish the value of some status symbols. One coping strategy is to disguise the item in the belief that truly high-status people do not need to display expensive logos. This is known as:

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Nearly half the world's population survives on what amount per day?

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