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CH:4
Analyzing the Marketing enviro
17
Marketing
Undergraduate 4
10/08/2012

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Cards

Term
baby boomers
Definition
generational cohort of ppl born after wwII 1946-1964
Term
country culture
Definition
entails easy to spot visible nuances that are aprticular to a country such as dress, symbols, ceremonies, language, colors, and food preferences, and more subtle aspects
Term
culture
Definition
set of values, beliefs, understandings, and ways of doing things shared by members of society, exist on two levels, visible artifacts
Term
demographics
Definition
info about the characteristics of human pop and segments especially those used to identify consumer markets such as by age gender income edu
Term
econ situation
Definition
macro-eco factor
Term
foreign currency fluctuation
Definition
changes in the value of a countrys currency of another country, can influence consumer spending
Term
GEN X
Definition
ppl born btw 1965-1976
Term
GEN Y
Definition
ppl born btw 1977-1995, biggest cohort
Term
generational cohort
Definition
a group of ppl of the game generation-typically have similar purchase behaviors because they have shared experiences and are in the same stage of life
Term
green marketing
Definition
involves a strategic effort by firms to supply custys with enviro friendly merch
Term
inflation
Definition
increase in the price of goods and servs
Term
interest rates
Definition
cost of borrowing $
Term
macro enviro factors
Definition
external, affect co's business
CULTURE, DEMO, SOCIAL, ISSUES, TECHNO, ECON, POLIT/REG ENVIRO
Term
millennials
Definition
consumers born btw 1977-2000 and the children of baby boomers
Term
polit/reg enviro
Definition
comprises polit parties, gov orgs, leg and laws
Term
seniors
Definition
America's fastest growing gen cohort, ppl aged 55-64
Term
techno adv
Definition
macroenviro factors that has greatly contributed to the improvement of the value of both prods and servs in the past few decades
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