Chapter 7 Flashcards
Consumerism
An economic theory that links prosperity to consumer demand for goods and services, that makes consumer behaviour central to economic decision making
Boycott
A decision by consumers to stop buying a product or device as a way to bring about change
What are the 5 factors that guide your behaviour as a consumer?
Identity Health and safety Jobs Environment Marketing
Bandwagon Effect
Encourages you to buy a product or service because everyone else is.
Emotional Appeal
Uses strong emotional language that connects with your fears and desires.
Glittering generalities
Relates a product or service to words or images that promise everything, but deliver little or nothing.
Plain folks appeal
Related a product or service to the experience of ordinary folks
Testimonials
Uses celebrities or experts to speak for a product
Scientific appeal
Uses statistics or scientific data to persuade consumers to buy a product or service.