consumerism

Examples of consumerism in the following topics:

• Consumerism and Advertising

• 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.

• 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

• 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).

• Factors Influencing Experience, Involvement, and Satisfaction

  • Typically, the higher a consumer's product knowledge, the more involved with it he or she will be.
  • Situational Factors: Products that can easily conform to and enrich a consumer's lifestyle tend to be consumed with more frequency and involvement.
  • A consumer's social network has a strong influence on the products he or she uses, since individuals tend to rely on the opinions and advice of friends and family.

• 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.

• The Demand Curve and Consumer Surplus

  • Another way to define consumer surplus in less quantitative terms is as a measure of a consumer's well-being.
  • If a person has no use for a good, there is no consumer's surplus for that person in purchasing the good no matter the price.

• The Elements of Religion

  • Problems quickly emerge, however, when we think about nationalism or consumerism.
  • Under Durkheim's distinction, both nationalism and consumerism would be considered sacred practices.

• Family

  • A consumer's family is one of the most significant factors because a family helps shape an individual's attitudes and behaviors .
  • A spouse and children, however, can exert an even more significant force on a consumer's purchases.

• Customer Wants and Needs

  • Demand is the economic principle that describes a consumer's desire, willingness and ability to pay a price for a specific good or service.
  • A need is a consumer's desire for a product's or service's specific benefit, whether that be functional or emotional.
  • The search for alternatives is influenced by such factors as time and money costs, how much information the consumer already has, the amount of the perceived risk if a wrong selection is made, and the consumer's disposition toward particular choices.
  • A consumer's feelings and evaluations after the sale come into play during the post-purchase phase.