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Factors that impact consumer behavior
Language, Demographics, Values, Nonverbal communications
Cultural values cause either ___ or ____ that then effect consumption patterns
norms, sanctions
Other-oriented values
reflect a society’s view of the appropriate relationships between individuals and groups within that society. ex: individual/collective, youth/age, extended/limited family, masculine/feminine, competitive/cooperative, diversity/uniformity
environment-oriented values
prescribe a society’s relationship to its economic and technical as well as its physical environment. ex: Cleanliness, Performance/status, tradition/change, risk taking/security, problem solving/fatalistic, nature
self-oriented values
reflect the objectives and approaches to life that the individual members of society find desirable. ex: active/passive, sensual gratification/abstinence, material/nonmaterial, hard work/leisure, Postponed Gratification/Immediate Gratification, Religious/secular,
instrumental materialism
the acquisition of things to enable one to do something. Skis can be acquired to allow one to ski.
terminal materialism
the acquisition of items for the sake of owning the item itself. Art is generally acquired for the pleasure of owning it rather than as a means to another goal.
Nonverbal communications
Time, space, symbols, relationships, agreements, things, etiquette
purchasing power parity (PPP)
based on the cost of a standard market basket of products bought in each country.
glocalization (global localization)
the adaptation of products and services to local considerations
voluntary simplicity
consumers’ efforts to reduce their reliance on consumption and material possessions
enviropreneurial marketing
Firms that convince environmentally concerned consumers that their products are environmentally sound
green marketing
the practice of promoting products based on their environmental benefits and sustainability. includes developing products with less pollution, a positive impact, or tying the purchase of a product to an environmental org or event
greenwashing
when a firm promotes environmental benefits that are unsubstantiated and on which they don’t deliver.
cause-related marketing (CRM)
marketing that ties a company and its products to an issue or cause with the goal of improving sales or corporate image while providing benefits to the cause
ascribed role
an attribute over which the individual has little or no control.
achievement role
performance criteria over which the individual has some degree of control