StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Nobody downloaded yet

The Family as a Consumer Base Unit - Literature review Example

Summary
The paper "The Family as a Consumer Base Unit" states that children have emerged as major players in the decision-making processes of a family. On average in the United States, children between the ages of 4 to 12 years had an influence on parents’ buying that was worth 130 billion dollars…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.4% of users find it useful

Extract of sample "The Family as a Consumer Base Unit"

Download file to see previous pages

Children’s influence on their parent's buying patterns varied with each subdivision stage. Children that were considered to be the initiators exerted greater influence on their parents in decisions on buying household products than their non-initiator counterparts. Older children exerted greater influence on their parents; a child’s gender was not a significant factor that influenced their parents’ buying decisions. Based on the literature, marketers must note the growing influence of children’s roles within the arena of a family’s decision-making process.(Lackman & Lanasa, 1993)

The Family as a Consumer Base Unit

Researchers have suggested that the “family as a consuming and decision-making unit is a central phenomenon in marketing and consumer behavior” (Commuri& Gentry, 2000, p. 1). For many decades, marketing managers have identified the central role of the family in decision-making and consumption of products (Assael, 1998); family units have been at the center of interest of marketers and academics in the line of marketing (Moore, Wilkie, & Lutz, 2002; Shoham & Dalakas, 2005). Joint decisions by the consumer and family members work toward influencing or modifying the desire and disposition of the other family member toward a certain consumer good (Foxall, 1977).  A family unit had an intermediating function, and also was the point of integration of an individual within the precincts of a larger society. The family unit that was a major influence in the consumer behavior process also was the source of training from early childhood about various available products in the market and their categories, thus setting the basic consumption unit for that particular family.

Being the primary consumption unit, the family was also the primary target for all the available products and their categories (Schiffman & Kanuk, 1983). The family unit might be defined as a group of people residing together who might be related by marriage, blood, or adoption (Loudon & Della Bitta, 1993).  A nuclear type of family would consist of a husband, a wife, and their children. An extended family included the nuclear family members and other relatives. 

...Download file to see next pages Read More

CHECK THESE SAMPLES OF The Family as a Consumer Base Unit

Micro and Macro Economics (marginal revenue; marginal cost; elasticity)

In other words marginal revenue is the additional revenue from a product earned by a producer through the production and sales of an extra unit of the product.... Marginal revenue is the addition to total revenue associated with a unit increase in output or sales.... “Marginal cost is the change in total cost associated with a unit change in quantity”.... Marginal cost is thus the additional cost incurred by the producer in producing an additional unit of product....
18 Pages (4500 words) Essay

Samsungs Business Strategy Report

As each business entity is devising innovative ways of increasing their turnover and market base, the overall competitiveness of the industry is increased, thereby causing the rest of the entities in each specific industry to up the game in order to be at par with the industry (Hoskisson et al 2009, p.... Samsung has considerably grown over the last couple of years, thereby increasing its global employee base to upwards of 200000 (Sekhar 2009, p....
11 Pages (2750 words) Essay

Buying Decisions of the Parents, the Family as a Consumer Base Unit

The paper "Buying Decisions of the Parents, The Family as a Consumer Base Unit" highlights that the review of the literature concerning the children's influence in parents' decision-making on purchases was significant as a conceptual guide for the proposed research.... Researchers have suggested that the 'family as a consuming and decision-making unit is a central phenomenon in marketing and consumer behavior' (Commuri& Gentry, 2000, p.... Since the late 1960s, marketing managers have identified the central role of the family in decision making and consumption of products (Assael, 1998); family units have been at the center of interest of marketers and academics in the line of marketing (Moore, Wilkie, & Lutz, 2002; Shoham&Dalakas, 2005)....
72 Pages (18000 words) Essay

New Business Start Up

For the purpose of starting a new business I will introduce a new product in United Kingdom with a brand extension for parent company i.... .... Radiant Co.... which is based in United States of America.... They have the business of skin care related products which includes different beauty soaps, different creams for different needs, cosmetics products, sun block lotions, cleansers and moisturizers etc. ...
15 Pages (3750 words) Essay

Handheld Gaming Manufacturers

Other handheld gaming manufacturers such as Nokia N-Gage, Tapwave Zodiac, and Sony PlayStation Portable (PSP) is continuously offering the market with new features ranging from digital audio players to Bluetooth features on mobile phones.... (Fischer, 2004) Sony is highly.... ... ... Although Nokia is still in the process of struggling to succeed in the market, the company is very much determined to compete with the gaming industry....
13 Pages (3250 words) Essay

Tourism Marketing

The paper ''Tourism Marketing'' is a wonderful example of a Marketing report.... Caribbean Tourism Organization was established in the year 1989.... The organization was formulated under the Caribbean tourist association of 1951 and the Caribbean development center of 1974.... ... ... ... The paper ''Tourism Marketing'' is a wonderful example of a Marketing report....
23 Pages (5750 words) Report

Consumer Decision-Making - External Factors

Consumer decision making is a consumer behavior that focuses on an individual's way of making decisions regarding how to spend their available resources such as time, effort, and money on items that are related to consumption (Schiffman and Kanuk, 1997).... Consumer decision making is a consumer behavior that focuses on an individual's way of making decisions regarding how to spend their available resources such as time, effort, and money on items that are related to consumption (Schiffman and Kanuk, 1997)....
14 Pages (3500 words) Coursework

Customer Perception of Product Packaging

The paper "Customer Perception of Product Packaging" focuses on the critical analysis and evaluation of the relationship between packaging, perception, and consumer buying habits.... These perceptions have a significant on consumer buying behavior at the purchasing point.... This affects consumer perception of the value of the company's products and can be good for marketing the other products produced by the company....
18 Pages (4500 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us