Marketers know consumers at lower income levels devote a smaller percentage of their total expenditures to food, housing, utilities, and furnishings.

Question

Quizplus · Accepted Answer

Consumers at lower income levels typically devote a larger percentage of their total expenditures to necessities such as food, housing, utilities, and furnishings, as these expenses consume a significant portion of their limited income.

Marketers Know Consumers at Lower Income Levels Devote a Smaller