Exam 12: Income, Social Class, and Family Structure

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Edith takes care of her elderly mother and her 28-year-old son lives at home with her.She would be labelled a member of the sandwich generation.

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Veronica recently bought a new high-end BMW.One of the reasons she purchased it was because she knew other people in her neighbourhood would be jealous of her.For Veronica,the role of the BMW was:

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What does potlatch mean? Give a modern-day equivalent.

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What are some of the problems with the way market strategists often use social class segmentation information?

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