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Lecture Stuff
N/A
44
Marketing
Undergraduate 2
06/07/2010

Additional Marketing Flashcards

 


 

Cards

Term
Differences among classes
Definition
primary values, child rearing, meaning of education, taste in clothing and housing, body and gender, language, social involvement, media use, shopping patterns
Term
upper upper class
Definition
.3% of Americans, inherited wealth, stability, privacy, learn/class socialization, club, stable, conservative, secure, non-materialistic, understated, staying with family, self-realization
Term
lower upper class
Definition
1.2% of Americans, new money, aspire to uu,did not obtain position through education, not secure, seek visibility, attention-getting, show off, give children things, seek UU friends
Term
upper middle
Definition
12.5%, career-oriented, aspiration, achievement, work, road to success, credential, wider, busy, network, expression, artisan/quality, not waste, national international, drama, newspapers, wings, achievement
Term
middle class
Definition
32$ of Americans, home centered, security, getting ahead through $, extrinsic, scheduled, manageable, learn rules, skills, good man is in control, good buys for $, brand names, store names, outlets
Term
working class
Definition
38% of Americans, family ties, extended family, narrower, local, work hard, play hard, immediate gratification, local news/teams, soaps, sitcoms, personally relate to, not higher class; enjoyment/abundance, necessity, functional, practical, comfort
Term
lower class
Definition
9% of Americans, unskilled labor, employed, keeping up with bills to not become dependent, impulse buys, less information processing
Term
lower-lower class
Definition
7% of Americans, out of mainstream culture, chronic welfare, poverty, homeless
Term
natal domain
Definition
identification based on birthplace of self, parents and siblings
Term
subjective domain
Definition
identification based on preferred ethnic group
Term
behavioral domain
Definition
identification based on language use, participation in culture, religious activities, music, good preferences
Term
race
Definition
socially constructed definitions of physical differences and similar ancestry
Term
ethnicity
Definition
self-perpetuating group held together by common cultural ties
Term
culture
Definition
the accumulation of learned meanings, norms, values, beliefs and traditions shared among members
Term
internalized culture
Definition
morality, shared beliefs, customs, values
Term
material culture
Definition
kinds of objects societies have and value
Term
enacted norms
Definition
explicitly decided on: laws
Term
crescive norms
Definition
embedded in a culture and include: customs (basic behavior), mores (moral overtone) and conventions (everyday life)
Term
ritual
Definition
sets of symbolic behaviors that occur in a fixed sequence and that tend to be repeated periodically
Term
collective rituals
Definition
manifest/latent purpose (often influenced by marketers)
Term
profane consumption
Definition
involves consumer objects and events that are ordinary and not special
Term
sacred consumption
Definition
involves objects and events that are set apart from normal activities that are treated with respect or awe
Term
rites of passage
Definition
separation, liminality, aggregation
Term
Prospect theory
Definition
loss feels larger than gains, changes are with respect to reference points, as amount of loss/gain increases, marginal effect on value gets smaller
Term
expectancy disconfirmation model
Definition
consumers form beliefs of product quality based on prior experience
Term
Decision Making Process
Definition
problem recognition, information search, evaluation of alternatives, product choice, outcomes
Term
consensual purchase decision
Definition
members agree on the desired purchase, only disagreeing in terms of how it will be achieved
Term
accomodative purchase decision
Definition
members have different preferences or priorities and they cannot agree on a purchase to satisfy the minimum expectations of all involved
Term
community
Definition
common connection, consciousness of kind, moral responsibility/duty to others in community, social structure with a socialization process, shared rituals and rules
Term
sleeper
Definition
growth of consumers grows slowly, rapidly and then slowly again
Term
blockbuster
Definition
growth of number of adapters starts rapidly, then slowly stops
Term
solidary survivor
Definition
Spouse passes away, be in charge of all tasks, independent decisions, fill voids
More women in this stage
Term
empty nest one
Definition
When children are no longer financially dependent
Still have one or two children, high earning levels, fewer expenses, priority is not on stuff but experience, more travel, spouses get to know each other again
Don’t have that many expenses, many have paid off homes
Saving a lot of money, but also able to spend
Priority is not on buying stuff and giving a lot of stuff away
Focused on experiential consumption-traveling, exploring
Spouses get to know each other again…bring them together and rekindle relationship or realize that they’ve grown apart?
Term
empty nest two
Definition
Retired, fear of depletion, time is up., lots of saved money
Term
not participate in ritual
Definition
engage partially, avoid, appropriate, educate
Term
childhood
Definition
socialized, develop a habitus, learn to become consumers, interested in cuteness and high quality
Term
adolescence
Definition
become primary market, family provides for you
Term
early single
Definition
over 19, doesn't mean they live alone, focused on job, experimental, fewer burdens
Term
mature single
Definition
can be unmarried, could be divorced ppl w/o kids, settled and financially independent, considerable discretionary income, firm identity
Term
newly married
Definition
more consumption, lots of buying of stuff, register for gifts, spend time at home, life is lived at home, home durables, and joint decision making
Term
Full nest one
Definition
youngest child is still under 6, send them to school and have financial restraints, somebody watching your kids, lost portion of income b/c of childcare, highest debt level EVER, not spending as much time together, specializing in tasks
Term
full nest two
Definition
better financial position, lots of large packages of food, more consumption, many feel a sense of freedom, kids at school, involved in classes, more eating on the go, more individualizing rather than family
Term
full nest 3
Definition
kids moving out and less dependent, 1/6 men 25-44 move back in with their parents (1/11 women)
Term
full nest 4
Definition
nonsequential, divorced individuals with dependent children, learn skills that spouse learned in full nest one, isolated and exhausted
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