Topic 5 Summary
Topic 5 Summary
Mark Grimes
Topic 5
Summary
A consumer’s lifestyle refers to the ways he or she chooses to spend time and
money and how his or her consumption choices reflect these values and tastes.
Lifestyle research is useful for tracking societal consumption preferences and also
for positioning specific products and services to different segments. Marketers
segment based on lifestyle differences; they often group consumers in terms of
their AIOs (activities, interests, and opinions). We associate interrelated sets of
products and activities with social roles to form consumption constellations.
People often purchase a product or service because they associate it with a
constellation that, in turn, they link to a lifestyle they find desirable.
Geodemography involves a set of techniques that use geographical and
demographic data to identify clusters of consumers with similar psychographic
characteristics.
Products take on meaning because a person thinks the products will help him or
her to achieve some goal that is linked to a value, such as individuality or
freedom. A set of core values characterizes each culture, to which most of its
members adhere.
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