Shared Flashcard Set

Details

IMC Chapter 12
N/A
18
Marketing
Undergraduate 2
06/07/2010

Additional Marketing Flashcards

 


 

Cards

Term
accomodative purchase decision
Definition
the process of using bargaining, coercion, compromise and the wielding of power to achieve agreement among group members who have different preferences or priorities
Term
autonomic decision
Definition
when one family member chooses a product for the whole family
Term
boomerang kids
Definition
grown children who return to their parent's home to live
Term
consensual purchase decision
Definition
a decision in which the group agrees on the desired purchase and differs only in terms of how it will be achieved
Term
consumer socialization
Definition
the process by which people acquire skills that enable them to function in the marketplace
Term
DINKS
Definition
acronym for double income, no kids; a consumer segment with a lot of disposable income
Term
extended family
Definition
traditional family structure in which several generations live together
Term
family financial officer
Definition
the individual in the family in charge of making financial choices
Term
family life cycle
Definition
a classification scheme that segments consumers in terms of changes in income and family composition and the changes in demands placed on this income
Term
fertility rate
Definition
a rate determined by the number of births per year per 1,000 women of childbearing age
Term
gender convergence
Definition
blurring of sex roles in modern society; men and women increasingly express similar attitudes about balancing home life and work
Term
kin-network system
Definition
the rituals intended to maintain ties among family members, both immediate and extended
Term
nuclear family
Definition
a contemporary living arrangement composed of a married couple and their children
Term
parental yielding
Definition
the process that occurs when a parental decision maker is influenced by a child's product request
Term
POSSLQ
Definition
US census designation for unmarried couples who cohabitate
Term
Syncretic decision
Definition
purchase decision that is made jointly by both spouses
Term
synoptic ideal
Definition
a model of spousal decision making in which the husband and wife take a common view and act as joint decision makers, assigning each other well-defined roles and making mutually beneficial decisions to maximize the couple's joint utility
Term
Wiki
Definition
online program that let several people change a document on a Web page and then track those changes
Supporting users have an ad free experience!