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Cultural values
Widely held beliefs that affirm what is desirable.
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Culture
The complex whole that includes knowledge, belief, art, law, morals, customs, and any other capabilities and habits acquired by humans as members of society.
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Demographics
Describe a population in terms of its size, structure, and distribution.
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Environment-oriented values
Prescribe a society's relationship to its economic and technical as well as its physical environment.
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Guanxi
Literally translated as personal connections/relationships on which an individual can draw to secure resources or advantages when doing business as well as in the course of social life.
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Instrumental materialism
The acquisition of things to enable one to do something.
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Monochronic time perspective
Time is seen almost as a physical object: it can be scheduled, wasted, lost, and so forth. Followers of this perspective have a strong orientation toward the present and the short-term future.
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Nonverbal communication systems
The arbitrary meanings a culture assigns actions, events, and things other than words.
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Norms
The boundaries that culture sets on behaviors in specific situations.
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Other-oriented values
Reflect a society's view of the appropriate relationships between individuals and groups within that society.
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Personal space
The nearest others can come to you in various situations without your feeling uncomfortable.
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Polychronic time perspective
People and relationships take priority over schedules, and activities occur at their own pace rather than according to a predetermined timetable. Followers of this perspective have an orientation toward the present and the past.
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Power distance
The degree to which people accept inequality in power, authority, status, and wealth as natural or inherent in society.
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Purchasing power parity (PPP)
Based on the cost in U.S. dollars of a standard market basket of products bought in each country.
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Sanctions
Penalties ranging from mild social disapproval to banishment from the group.
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Self-oriented values
Reflect the objectives and approaches to life that the individual members of society find desirable.
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Terminal materialism
The acquisition of items for the sake of owning the item itself.
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Verbal communication systems
Verbal communication systems necessarily involve exchange of ideas, or opinions, through Languages.
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Conceptual model
A model that does not contain sufficient detail to predict particular behaviors but contains the beliefs about the general nature of a given theory.
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Consumer behavior
The study of individuals, groups, or organizations and the processes they use to select, secure, use and dispose of products, services, experiences, or ideas to satisfy needs and the impacts that these have on the consumer and society.
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Consumer cost
Everything the consumer must surrender in order to receive the benefits of owning/using the product.
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Customer satisfaction
When customers are satisfied with their purchase and the use of the product.
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Customer value
The difference between all the benefits derived from a total product and all the costs of acquiring those benefits.
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Distribution
Having the product available where target customers can buy it.
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Injurious consumption
When individuals or groups make consumption decisions that have negative consequences for their long-run-well-being.
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Lifestyle centers
Small, convenient, open-air retailing complexes laid out to evoke the small-town shopping districts of previous generations.
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Marketing communications
Advertising, the sales force, public relations, packaging, and any other signal that the firm provides about itself and its products.
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Marketing mix
The product, price, communications, distribution, and services provided to the target market.
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Marketing strategy �
Answers the question: How will we provide superior customer value to our target market?
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Market segment
A portion of a larger market whose needs differ from the larger market.
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Need set
Used to reflect the fact that most products in developed economies satisfy more than one need.
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Price
The amount of money one must pay to obtain the right to use the product.
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Product
Anything a consumer acquires or might acquire to meet a perceived need.
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Product position
An image of the product or brand in the consumer's mind relative to competing products and brands.
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Self-concept
The totality of an individuals thoughts and feelings about him-or herself.
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Service
Auxiliary or peripheral activities that are performed to enhance the primary product or service.
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Social marketing
The application of marketing strategies and tactics to alter or create behaviors that have a positive effect on the targeted individuals or society as a whole.
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Target market
That segment(s) of the larger market on which we will focus our marketing effort.
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Total product
The product features, price, communications, distribution, and services that will provide customers with superior value.
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Achievement role
Based on performance criteria over which the individual has some degree of control.
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Ascribed role
Based on an attribute over which the individual has little or no control.
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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.
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Cultural values
Widely held beliefs that affirm what is desirable.
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Enviropreneurial marketing
Enviropreneurial marketing is environmentally friendly marketing practices, strategies, and tactics initiated by a firm to achieve a competitive differentiation. Research shows that such a marketing approach leads to increased new-product success and increased market share.
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Gender
Whether a person is biologically male or female.
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Gender identity
Refers to the traits of femininity or masculinity.
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Gender role
The behaviors considered appropriate for males and females in a given society.
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Green marketing
Involves (1) developing products whose production, use, or disposal is less harmful to the environment than the traditional versions of the product; (2) developing products that have a positive impact on the environment; or (3) tying the purchase of a product to an environmental organization or event.
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Modern gender orientation
A marriage where husband and wife share responsibilities.
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Sustainability
Involves methods that are (a) profitable for the farmer, (b) environmentally sound, and (c) socially responsible.
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Traditional gender orientation
A marriage with the husband assuming the responsibility for providing for the family and the wife running the house and taking care of the children.
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Voluntary simplicity
Consumers' efforts to reduce their reliance on consumption and material possessions.
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Age cohort
A group of persons who have experienced a common social, political, historical, and economic environment.
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Class to mass
A movement in which companies are expanding opportunities for less affluent consumers to afford luxury.
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Cognitive age
One's perceived age, a part of one's self-concept.
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Cohort analysis
The process of describing and explaining the attitudes, values, and behaviors of an age group as well as predicting its future attitudes, values, and behaviors.
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Conspicuous consumption
The purchase and use of automobiles, homes, yachts, clothes, and so forth primarily to demonstrate great wealth.
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Consumer literacy
Consumer literacy is defined as "the ability to find and manipulate text and numbers to accomplish consumption-related tasks within a specific market context in which other skills and knowledge are also employed."
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Demographics
Describe a population in terms of its size, distribution, and structure.
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Digital Savvy
Digital Savvy consumers are leading-edge digital users who are early adopters and diffusers of information related to technology in terms of (1) technology ownership, (2) Internet usage, and (3) cell phone feature usage.
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Generation
A group of persons who have experienced a common social, political, historical, and economic environment.
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Gerontographics
A segmentation approach to the mature market that is based on the physical health and mental outlook of older consumers.
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Index of Social Position (ISP)
A two-item index that is well developed and widely used.
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Mature market
A large and growing market with numerous subsegments that is often categorized as 55 years of age and over. It now spans three generations (pre-Depression, Depression, and baby boom).
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Multi-item indexes
Used to measure social class.
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Nouveaux riches
Actively seek out high-status brand and activities; doing the "in" thing on a grand scale is important to this group.
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Single-item indexes
Estimate social status on the basis of a single dimension.
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Social class system
A hierarchical division of a society into relatively distinct and homogeneous groups with respect to attitudes, values, and lifestyles.
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Societal rank
One's position relative to others on one or more dimensions valued by society.
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Status crystallization
The question of whether or not an individual with high status based on one dimension will have high status based on the other dimensions.
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Subjective discretionary income (SDI)
An estimate by the consumer of how much money he or she has available to spend on nonessentials.
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Working-class aristocrats
Dislike the upper-middle class and prefer products and stores positioned at their social-class level.
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Acculturation
The degree to which an immigrant has adapted to his or her new culture.
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Born-again Christians
Characterized by a strong belief in the literal truth of the Bible, a very strong commitment to their religious beliefs, having had a "born-again" experience, and encouraging others to believe in Jesus Christ.
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Ethnic subcultures
Broadly defined as those whose members' unique shared behaviors are based on a common, racial, language, or nationality background.
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Event marketing
Creating or sponsoring an event that has a particular appeal to a market segment.
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Hispanic
A person of Cuban, Mexican, Puerto Rican, South or Central American, or other Spanish culture or origin regardless of race.
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Regional subcultures
Arise as a result of climatic conditions, the natural environment and resources, the characteristics of the various immigrant groups that have settled in each region, and significant social and political events.
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Religious subcultures
Different religions that prescribe differing values and behaviors.
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Secular society
A society where the educational system, government, and political process are not controlled by a religious group, and most people's daily behaviors are not guided by strict religious guidelines.
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Subculture
A segment of a larger culture whose members share distinguishing values and patterns of behavior.
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