189x Filetype PPTX File size 0.28 MB Source: vikramuniv.ac.in
MEANING OF SOCIAL CLASS Social class usually is defined by the amount of status that members of a specific class possess in relation to members of other classes. Social-class membership often serves as a frame of reference for the development of consumer attitudes and behaviour. MESERMENT OF SOCAIL CLASS Subjective •Its rely on an individual’s self Measuremen perception. t Reputational •Its rely on an individual’s Measuremen perceptions of others t Objective • it use specific socioeconomic Measuremen mesures, either alone or in combination with others. t Lifestyles profiles of the social class The life style that is consumer behaviour of various social classes differ widely. A person in lowest class is able to buy only bare minimum requirements of life. On the other extreme there are rich elites either because of historical factors like zamidars in India or persons in foreign countries who have inherited. Lifestyles profiles of the social class Upper class : upper class who have acquired wealth through success in business, industry or service. Lifestyle: They buy high priced cars, house, get best education for their children and get treatment in best hospitals in case of illness. This class wants to have best enjoyment of life and looks for the future of their family. Lifestyles profiles of the social class high level professionals: Young successful professionals, senior corporate executives and small scale and medium scale new busi nessmen fail in this group who has come up through their education and hard work. Lifestyle: They believe in high standard of living and try to buy best things in life-houses, furniture, furnishings, automobiles, health care, insurance, education of their children so that they may also become good professionals.
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