Social class is a strong predictor of purchases that have symbolic aspects, but low to moderate prices.Which of the following is the best example of a product with these characteristics?

Question

Quizplus · Accepted Answer

Liquor is a product that has symbolic aspects, such as connotations of sophistication, class, and status, but is generally priced at a low to moderate level. Social class has been found to strongly predict purchases of symbolic products, such as liquor, as people with higher social class tend to value symbolic meanings and cultural capital more than material possessions. Cars and homes, on the other hand, are typically high-priced products with both functional and symbolic aspects, and their purchase decisions are influenced by a complex interplay of factors beyond social class, such as lifestyle, personality, and life stage. Refrigerators are low-priced products with primarily functional aspects, and are not strongly associated with social status or symbolic meanings.

Social Class Is a Strong Predictor of Purchases That Have