Week 11 (social impacts of consumption & consumerism) Flashcards
What is Consumerism
a moral doctrine, conspicuous, economic, and political ideology that encourages the acquisition of goods and services in ever-increasing amounts (propels the idea we need what we don’t have)
What is materialism
a value system that is preoccupied with possessions and the social image they project
What is addictive consumption
consumer addiction - a physiological and/or psychological dependancy on product/service
What problems arise when people become overly involved in online games or posting on social media
- social media addiction
- cyber bullying
- compulsive consumption
- repetitive shopping as an antidote
What are consumed consumers
people who are used/exploited, willingly or not, for commercial gain in the marketplace
What is shrinkage
inventory & cash loss from shop lifting or employee theft
What is counterfeiting
selling fake versions of real products
What is consumer activism
consumers promote the rights, consciousness and interests of consumers
How do marketers influencer consumer choices
Choice giving = develop sustainable products giving consumers a choice to behave more sustainably.
Choice influencing = shaping demand and changing consumer perceptions.
Choice editing = controlling or limiting the choices available to consumers.
What is political transformation
sustainable products are too expensive for the mass market so policy makers must encourage the purchase, use and post use of sustainable products
How can companies drive social transformation effectively
- companies should proactively investigate problems & search for solutions.
- they are now working with public stakeholders when developing solutions for social & ecological problems
What is corporate social responsibility
the process that encourages organisations to make positive impact on the stakeholders in their community (consumers, employees & environment)
What is cause related marketing
mutually beneficial collaboration between a corporation & a non profit designed to promote the formers sales and the latters cause
what is (corporate) social marketing
using marketing to encourage positive activies and discourage negative ones
What is brand activism
a value-driven strategy where a brand adopts a non-neutral stance on institutionally contested socio-political issues to create change and marketing success