Term
|
Definition
well-off consumers who are stressed or unhappy despite of or even because of their wealth |
|
|
Term
|
Definition
the study of the behavioral determinants of economic decisions |
|
|
Term
|
Definition
the bloc of nations with very rapid economic development: Brazil, Russia, India, and China |
|
|
Term
|
Definition
British term that refers to young, lower-class men and women who mix flashy brands and accessories from big names such as Burberry with track suits |
|
|
Term
|
Definition
the purchase and prominent display of luxury goods to provide evidence of a consumer's ability to afford them |
|
|
Term
|
Definition
the state of mind of consumers relative to their optimism or pessimism about economic conditions; people tend to make more discretionary purchases when their confidence in the economy is high |
|
|
Term
|
Definition
older women who date younger men |
|
|
Term
|
Definition
a set of distinctive and socially rare tastes and practices that admits a person into the realm of the upper class |
|
|
Term
|
Definition
the money available to a household over and above that required for necessities |
|
|
Term
|
Definition
the ways of expressing and interpreting meanings that are more complex and depend on a more sophisticated worldview, which tend to be used by the middle and upper class |
|
|
Term
|
Definition
the inability of consumers to obtain healthy an affordable food due to limited accessibility to stores, the availability of healthy choices, the affordability of healthy options, and general nutritional awareness |
|
|
Term
|
Definition
fashion-conscious consumers who pride themselves on achieving style on a limited budget |
|
|
Term
|
Definition
ways in which we classify experiences as a result of our socialization processes |
|
|
Term
|
Definition
the tendency for individuals to marry others similar to themselves |
|
|
Term
|
Definition
the use of status symbols to inspire envy in others through display of wealth or power |
|
|
Term
|
Definition
a term analysts use to describe the millions of global consumers who now enjoy a level of purchasing power that's sufficient to let them afford many high-quality products |
|
|
Term
|
Definition
small sums - typically less than $100 - banks lend to entrepreneurs in developing countries |
|
|
Term
|
Definition
deliberately avoiding status symbols; to seek status by mocking it |
|
|
Term
|
Definition
an economy that a small number of rich people control |
|
|
Term
|
Definition
the ways of expressing and interpreting meaning that focus on the content of objects, which tend to be used by the working class |
|
|
Term
|
Definition
the overall rank of people in a society; people who are grouped within the same social class are approximately equal in terms of their income, occupations, and lifestyles |
|
|
Term
|
Definition
the movement of individuals from one social class to another |
|
|
Term
|
Definition
the process in a social system scarce and valuable resources are distributed unequally to status positions that become more or less permanently ranked in terms of the share of valuable resources each receives |
|
|
Term
|
Definition
consumers who derive pleasure from large-scale purchasing |
|
|
Term
|
Definition
the extent to which different indicators of a person's status are consistent with one another |
|
|
Term
|
Definition
a ranking of social desirability in terms of consumers' access to resources such as money, education, and luxury goods |
|
|
Term
|
Definition
a group of consumers who share aesthetic and intellectual preferences |
|
|
Term
|
Definition
consumers who experience emotional pain when they make purchases |
|
|