consumerism
(noun)
An economic theory that increased consumption is beneficial to a nation's economy in the long run.
Examples of consumerism in the following topics:
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Forces in Consumerism
- In economics, consumerism refers to economic policies that place emphasis on consumption.
- Consumerism today is an international phenomenon.
- The seeds of modern day consumerism grew out of the Industrial Revolution.
- Emulation is also a core component of 21st century consumerism.
- However, the practice of ethical consumerism is in its nascent stages and far from universal.
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Consumerization of IT
- Consumerization is the growing tendency for new IT to emerge first in the consumer market and then spread into business and government organizations.
- It was the growth of the World Wide Web in the mid 1990s that began the modern pattern of consumerization.
- It found that consumerization has reached a tipping point.
- The report also found that a strategic approach to consumerization starts with providing IT support to personal devices.
- Explain the business and technology implications of consumerization in the technology industry
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Psychology of Purchasing
- Consumerism is a social and economic order that encourages the purchase of goods and services in ever-greater amounts.
- Sometimes, the term "consumerism" is also used to refer to the consumerists movement, consumer protection or consumer activism, which seeks to protect and inform consumers by requiring such practices as honest packaging and advertising, product guarantees, and improved safety standards.
- In economics, consumerism refers to economic policies placing emphasis on consumption.
- The term "consumerism" was first used in 1915 to refer to "advocacy of the rights and interests of consumers" (Oxford English Dictionary) but in this article the term "consumerism" refers to the sense first used in 1960, "emphasis on or preoccupation with the acquisition of consumer goods" (Oxford English Dictionary).
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The Exchange of Value
- Value is the relationship between the consumer's perceived benefits and the perceived costs of receiving these benefits.
- Formally it may be conceptualized as the relationship between the consumer's perceived benefits in relation to the perceived costs of receiving these benefits.
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Marketing Classes of Products
- From the consumer's perspective, these products are so unique that they will go to any lengths to seek out and purchase them.
- They account for nearly 50 percent of the average consumer's total expenditures and 70 percent of jobs.
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Classifying Consumer Products
- From the consumer's perspective, little time, planning, or effort go into buying convenience goods.
- From the consumer's perspective, these products are so unique that they will go to any lengths to seek out and purchase them.
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The Cost of Intermediaries
- Following this, we still need to get the product from Amazon to the consumer's doorstep.
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Brand Categories
- Top-of-Mind Awareness occurs when your brand is what pops into a consumer's mind when asked to name brands in a product category.
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Developing Services
- They account for nearly 50% of the average consumer's total expenditures, 70% of the jobs, and two-thirds of the GNP.
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Long-Term Relationships: Satisfaction and Loyalty
- Brand loyalty in marketing consists of a consumer's commitment to repurchase or otherwise continue using the brand and can be demonstrated by repeated buying of a product or service, or other positive behaviors, such as word of mouth advocacy.