A better question is why do you care?
The consumer behavior of the middle middle class is influenced by their income, education, and occupation. They tend to make practical and value-based purchasing decisions, prioritizing quality and durability over luxury. They are likely to seek out deals and discounts while still aspiring for modest lifestyle upgrades. Additionally, they may be more cautious with their spending, saving for future financial security.
Income Race Education Gender Environment (surroundings) Background
Income can affect behavior in various ways. Individuals with higher income may have more disposable income for spending and leisure activities, leading to different consumption patterns. Income can also impact social interactions, psychological well-being, and feelings of self-worth. Overall, income level can influence decision-making, lifestyle choices, and social status.
Individuals with a history of violence, substance abuse, or mental health issues are more likely to engage in violent behavior. Furthermore, people living in violent environments or who have experienced trauma are also at a higher risk.
Studying human behavior helps us understand why people think, feel, and act the way they do, which can lead to insights on how to improve relationships, organizations, and society as a whole. By delving into human behavior, we gain valuable knowledge that can inform decision-making, foster empathy, and promote personal growth.
Sociologists refer to social class as a grouping within society based on factors like income, education, occupation, and social status. It reflects the hierarchical structure of society and influences individuals' life chances and opportunities. Social class can contribute to inequalities in areas such as access to resources, power, and social mobility.
The consumer has a small income.
if consumers are receiving a low income then
Outline of significant demographic and psychographic details about the user of a particular product. The data include the user's age category, marital status, income level, education, occupation, area of residence, and purchase behavior patterns. Knowledge of the consumer profile is very important in the determination of a creative advertising campaign. The advertising must appeal to both the user and the potential user of the product.Read more: consumer-profile
F. Thomas Juster has written: 'Education, income, and human behavior' -- subject(s): College graduates, Economic aspects of Higher education, Higher Education 'Anticipations and purchases' 'Household capital formation and financing, 1897-1962' -- subject(s): Consumer credit, Consumers
The effect of income is a direct factor in consumer behaviors. Without an ample amount of income being provided the consumers cannot possible consume as much as needed or wanted therefor their behavior changes, less is spent, and less is bought.
TRUE 100%
A consumer's lifestyle mainly depends upon following factors: Income Marital status Culture Social group & Buying power. Any change in one of them changes the behaviour of consumer. Naivedya
A consumer's lifestyle mainly depends upon following factors: Income Marital status Culture Social group & Buying power. Any change in one of them changes the behaviour of consumer. From Raja Khan
The answer depends on what is being compared: the income of the same consumer at different stages of their life or the income of a consumer compared with other consumer.
Income Race Education Gender Environment (surroundings) Background
J. S. Duesenberry has written: 'Income, saving and the theory of consumer behavior' 'Money and credit'
chnage in consumer's equilbrium due to change in income of the consumer..known as income effect.