status symbol

status symbol definition - business

status symbol

An asset or activity that influences the perception of a person's social status. For example, individuals often select a home or vehicle more as a status symbol than for its functionality.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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