Professional Documents
Culture Documents
Index
Meaning Of Consumerism Factors Affecting Consumerism Stakeholders In Consumerism Consumer Groups In India Benefits Of Consumerism
What Is Consumerism?
CHOICE THE CORE VALUE ADDICTIVE - Desire an end in itself. AROUSING AND MEETING SHORT TERM NEEDS SHOPPING FOR SENSATIONS
Marketing Concepts
Marketing Concept came into being with marketers realized that they would be able to sell more if they knew what was required by the consumers. Marketers could now understand the factors which would lead to a particular behaviour.
Factors
Psychological Factors Socio-Cultural Factors
Family Reference Group Social Class Culture Sub Culture
Other Factors
Monopoly and Oligopoly exists in countries like India. People are weary of the Legal and Judicial System. Consumers are thus susceptible to manipulations. These gave birth to Consumerism. Consumerism and Consumer Movement was born to counter the influences and dangers of manipulation that were posed by unscrupulous marketers.
Stakeholders in Consumerism
Consumers Business Enterprises or Industry Government
Benefits of Consumerism
Consumer Education Consumer Groups can liaison between Government & Industry Product Research & Information to Consumer Inculcate Honesty, Responsiveness & Responsibility on to Manufacturers & Marketers. Move towards Societal Concept of Marketing