Eximius: Upper Class And Middle Class

The demand which will depend on the income and expectations of the consumers on the product. The taste or preferences of the consumers will be based upon the features and quality of the product.

“Approximately 13 percent of the American population- that is, nearly, of every eight people in this country- live below the official poverty line,” (Mantsios 179). I define being wealthy as having an immense amount of money, enough to not be stressed about paying bills.

Every household family around the world is apart of a social class that ultimately determines who they are. There is an upper-class, middle-class, and a lower-class. Upper-class and middle-class people usually consist of white people who have a lot of money and have more opportunities than any other social class. While the lower-class people don 't have the same resources and opportunities like the people above them. The lower-class tends to have a more difficult time getting by in life. The tiers of these social classes determine who these people associate themselves with throughout their daily lives. The word classicism refers to people who share the same beliefs about economics, culture, politics, and have the

Los Angeles growing into one of the busiest cities with a mixture of affluent and poverty neighborhood. However, there are invisible signs like physical security (private cops or guards), set metal fence around buildings and other objects that meant to push underprivileged people away while allow privileged people in. The city itself witnessed a lot of redevelopment process in public spaces based on architectural design over the years as many immigrants moved in various areas that impacted middle class/upper class, which they often relocated to new area where they felt “safe” while others stayed in area where there is high risk of violence. But at the same time, life situation between poor class and wealthy class during between industrial

I grew up in a middle class family. I went to an expensive private school where the upper middle class kids went, thanks to my mother and grandmother, who always wanted the best for me.

To categorize the types of knowledge I would say that you would have to live the life style or know someone close to the life style. I do not think theses’ categories of class are equal because individuals of classes above them typically require hard work, knowing people, or to be born into. For the surviving in poverty category it seems like the field of questions leans more towards almost homeless people. People that can do a lot with very little. Also, you would have to know how to be very resourceful. This field of the questionnaire relates to people at or below the poverty line because to have this knowledge you must learn the ways of using what you have, surviving on essentials, and caveats of life people of upper classes wouldn’t typically

6.1 Marketing Strategies ......................................................................................................................... 23 6.1.1 Product ....................................................................................................................................... 24 6.1.2 Position ...................................................................................................................................... 24 6.1.3 Price ........................................................................................................................................... 25 6.1.4 Promotional Plan........................................................................................................................ 25 6.2 Promotional Mix ............................................................................................................................... 25 6.2.1 Advertising ................................................................................................................................. 25 6.2.2 Support Media

| |3.decide and find appropriate suppliers in different product |period, including improve product features, broaden product range, |

The aim of this report is to explore basic demand conditions of Honeywell Inc. through analysing segmentation strategies, consumption patterns and the external environment. Honeywell is a Fortune 100 company that operates in 3 segments: Aerospace, Automation control solutions and Performance Materials and Technologies, producing a wide range of products and services for its customers. Honeywell’s success is due to a number of factors such as Mergers and acquisitions, customer satisfaction, economies of scale, innovation, their product offerings and many others.

The theory of demand refers to the quantity of a product required by buyers. The relationship between demand and price assumes the behaviour of buyers and states that if all other things remain equal the demand for a commodity will decline if the price rises and will increase if the price is reduced. The relationship between price and quantity demanded is depicted by the demand curve which slopes downwards. This part of the theory gives a deeper understanding of how the actual market will react if various prices were charged. Thus, to the business community the demand curve is important as a guide to the direction that should be taken in the future. Analysing the supply/demand model and measuring past behaviour can be a good guide to the future.

In the presentation, explanation been given is that the demand comes from customer wanted the items due to trends and exposure from social media. However, to focus

Discuss the product hierarchy, Need family, product family, product class, product line, product type, item.

The total product concept can be analysed using four levels Core product, Expected product, augmented product and Potential product.

Having defined the concept, a survey of the potential market must be taken before developing the product. Questions to be answered are:

It will costly to make a new items or products for every people’s needs and try to satisfy them