The manner in which individual consumers and families (households)live and spend time and money is their ________.
A) social-class structure
B) reference group behavior
C) lifestyle
D) demographic statistic

Question

Quizplus · Accepted Answer

Lifestyle refers to the way individuals and households live, which includes their behavior and patterns of spending time and money. Social-class structure is a grouping of individuals based on their level of income, education, and occupation. Reference group behavior relates to the influence that groups have on the behavior of an individual. Demographic statistics refer to data related to the characteristics of a population, such as age, gender, and income.

The Manner in Which Individual Consumers and Families (Households)live and Spend