ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Option B, social classes is the correct option.

Detailed explanation-2: -Understanding Upper Class They generally have the highest status in society and hold a great deal of wealth. Because of this, they also carry a considerable amount of power-politically, economically, and financially.

Detailed explanation-3: -Nature of consumer behaviour. Consumer behaviour simply means how consumers behave in the market. It defines the way in which consumers purchase products and services for satisfying their wants. It basically consists of likes and dislikes of customers which influence his decision while purchasing products.

Detailed explanation-4: -A consumer is someone who can make the decision whether or not to purchase an item at the store, and someone who can be influenced by marketing and advertisements. Anytime someone goes to a store and purchases a toy, shirt, beverage, or anything else, they are making that decision as a consumer.

Detailed explanation-5: -Consumer Behaviour is a branch which deals with the various stages a consumer goes through before purchasing products or services for his end use.