Lily wants to impress her friends who are coming over for afternoon tea and therefore purchases an expensive and luxurious tea set. This type of conspicuous consumption is also called:
A) social class
B) status consumption
C) social comparison theory
D) materialism

Question

Quizplus · Accepted Answer

Status consumption refers to the purchase of goods and services for the purpose of displaying one's wealth or social status. In this scenario, Lily is buying an expensive and luxurious tea set to impress her friends, indicating that she is engaging in status consumption. Social class refers to a grouping of people based on their social and economic status, social comparison theory states that people evaluate their own worth based on comparisons with others, and materialism refers to a preoccupation with material possessions and consumer goods, but none of these terms specifically fit the scenario described in the question.

Lily Wants to Impress Her Friends Who Are Coming Over