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Chapter 12 Consumer Diversity.

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Presentation on theme: "Chapter 12 Consumer Diversity."— Presentation transcript:

1 Chapter 12 Consumer Diversity

2 Learning Objectives Consumer’s age and marketing.
Consumer’s gender and sexual orientation and consumer behavior. Regional, ethnic, and religious influences on consumer behavior and targeting specific groups.

3 Chapter Overview: Consumer Diversity (Exhibit 12.1)

4 U.S. Population by Age (Exhibit 12.2)

5 How Age Affects Consumer Behavior
U.S. Age Trends Teens and Generation Y—Born 1979 to 1994 Generation X—Born 1965 to 1976 Some still have “angst” Boomerang kids High discretionary income Delay marriage Baby Boomers—Born 1946 to 1964 Largest demographic Peak earning years Seniors—65+ years old

6 Today’s Teen Market Purchasing Power = $108 Billion
World’s teens have similar tastes, attitudes, preferences Brand Loyalty—Develops at a younger age Positioning—Establish identity, rebelling, peer acceptance Advertising Messages—Incorporates symbols, issues, and language of teens Media—Specific TV networks, radio stations, and Internet Recreation and special events

7 Generation X Born between 1965 and 1976 49 million
Fewer Xers own homes Boomerang kids Cynical about obvious marketing Media: alternative radio, cable TV, concerts, sporting events, music publications, vacation spots

8 Baby Boomers Born between 1946 and 1964 78 million
Influential consumer segment because of size and buying power Value individualism and freedom Segments: leading boomers, core boomers, and trailing boomers

9 Baby Boomers and Marketing
Target for cars, housing, travel, entertainment, recreation equipment, motor homes Heavy consumers of financial services Gourmet fast food Comfortable clothing Anti-aging products

10 Seniors (Gray Market) Over 65 years old Women outnumber men
Reduced information processing skills Susceptible to the “truth effect” Tend to be brand loyal

11 Gray Market and Marketing
Aging Population Health-related products/services Retirement communities Marketing Communications Oldies radio Activity-specific publications & TV Lifestyle-related events Specialized Sales and Promotion

12 Gender/Sexual Orientation and Consumer Behavior
Sex Roles- Goals Agentic Communal Gender and Sexual Orientation Masculine Feminine Androgynous Differences in Acquisition and Consumption Behaviors Women = Deliberate, thorough research Men = Driven by themes, simple heuristics

13 Gender/Sexual Orientation and Marketing Implications
Targeting Gender Men—More emotional/caring Women—Important/professional Media Patterns Targeting Gay/Lesbian Consumers

14 Regional Influences Regions of U.S. Regions of World Clustering
PRIZM NE and Mosaic Regions of World

15 Regions Across the World
Individualism vs. collectivism Horizontal vs. vertical orientation Masculine vs. feminine

16 Ethnic Influences Ethnic Groups Acculturation Multicultural Marketing
Ethnic Subcultures in Nations

17 Ethnic Composition of Consumers Under 18 (Exhibit 12.10)

18 Hispanic American Consumers
Acculturated Bicultural Traditional Intensity of Ethnic Identification

19 African American Consumers
Free to live, dress, and look the way they want to With rising incomes, want to preserve cultural identity Importance of style, self-image, and elegance

20 Asian American Consumers
Fastest growing major subculture More diverse than Hispanic and African American Strong Emphasis Family Tradition Cooperation Shop frequently


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