Author Question: According to the author, a latent function of conspicuous consumption is a. lower prices to ... (Read 28 times)

leilurhhh · **on:** Jul 2, 2018

According to the author, a latent function of conspicuous consumption is

a. lower prices to consumers.
b. the satisfaction of the needs for which the goods are explicitly designed.
c. that it results in a lowering of social status as the conspicuous consumption eats away at discretionary income.
d. the fact that it results in a heightening or reaffirmation of social status.

Question 2

A virtual group cannot serve as a reference group.

Indicate whether this statement is true or false.