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CB Presntation
CB Presntation
Social Class
The division of members
of a society into a
hierarchy of distinct status
classes, so that members
of each class have either
higher or lower status than
members of other classes.
What are the typical factors that
differentiate the social classes?
– Occupation
– Education attained
– Behavioral standards – taste culture
– Source of Income
– Level of Income; wealth
– Dwelling area
– Power
– Religious Affiliation; Associations
– lifestyles, buying patterns, motivations and
values
Characteristics of Social Class
Is hierarchical
Is a natural form of segmentation
Social class conveys perception of inferior
or superior position.
Reflects a person’s relative social status
Class may be indicated by cluster of
variables (occupation , income and wealth).
Social Class and Social Status
Status - our social ranking.
Status is frequently thought of as the
relative rankings of members of each social
class
– wealth
– power
– prestige
Social Comparison Theory
Vuitton
Credit Card Holder
Celine
Rs.200
Boogie Bag
Rs.449
Singapore Airlines (SIA)
offers a first and
business-class only flight
to the United States in
2005. A first for Asia,
SIA became the second
major airline in the
world to go all-business
class: about a year ago,
Swiss Private Air started
'no coach' flights.
How Do the Lower and Upper Classes Differ in Their
Consumption Tastes?
Upper classes
are often likely to
approach consumption
from a more aesthetic
perspective
Selected consumer behaviour
applications of social class
Clothing, Fashion, and Shopping
– Where one shops
– External point of identification such as the name of a brand .
The Pursuit of Leisure
– Attend the theater and concerts, to play bridge, and to attend college
football games
– Be avid TV watchers and fishing enthusiasts, and enjoy drive-in movies
and baseball games.
– Furthermore lower class consumer spends more time on bowling, etc. and
craft activities(reading, visiting museums)
» continued
Social Class and Marketing
Strategy
Saving, Spending, and Credit
– Upper class are more future-oriented and are
more willing to invest. In comparison, lower
class consumers are primarily concerned with
Limitations of Social Class
Social class is more difficult to measure than
income
Many purchase behaviours are related more to
income than social class
Consumers often use expected social class for
their consumption patterns
Dual incomes have changed consumption patterns
Individual dimensions of social class are
sometimes better predictors of consumer
behaviour