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Key Terms
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Age cohort  a group of persons who have experienced a common social, political, historical, and economic environment.
(See page(s) 120)
Cognitive age  one’s perceived age, a part of one’s self-concept.
(See page(s) 120)
Cohort analysis  the process of describing and explaining the attitudes, values, and behaviors of an age group as well as predicting its future attitudes, values, and behaviors.
(See page(s) 121)
Conspicuous consumption  the purchase and use of automobiles, homes, yachts, clothes, and so forth primarily to demonstrate great wealth.
(See page(s) 133)
Demographics  describe a population in terms of its size, distribution, and structure.
(See page(s) 113)
Generation  a group of persons who have experienced a common social, political, historical, and economic environment.
(See page(s) 120)
Gerontographics  a segmentation approach to the mature market that is based on the physical health and mental outlook of older consumers.
(See page(s) 121)
Index of Social Position (ISP)  a two-item index that is well developed and widely used.
(See page(s) 140)
Index of Status Characteristics (ISC)  system based on four socioeconomic factors: occupation, source of income, house type, and dwelling area.
(See page(s) 140)
Multi-item indexes  used to measure social class.
(See page(s) 140)
Nouveaux riches  actively seek out high-status brand and activities; doing the “in” thing on a grand scale is important to this group.
(See page(s) 134)
Single-item indexes  estimate social status on the basis of a single dimension.
(See page(s) 140)
Social class system  a hierarchical division of a society into relatively distinct and homogeneous groups with respect to attitudes, values, and lifestyles.
(See page(s) 131)
Societal rank  one’s position relative to others on one or more dimensions valued by society.
(See page(s) 131)
Socioeconomic Status Scale (SES)  a scale which uses occupation, income, and education to produce four social categories: upper, upper-middle, middle, and lower-middle.
(See page(s) 141)
Status crystallization  the question of whether or not an individual with high status based on one dimension will have high status based on the other dimensions.
(See page(s) 132)
Subjective discretionary income (SDI)  an estimate by the consumer of how much money he or she has available to spend on nonessentials.
(See page(s) 117)
Working-class aristocrats  dislike the upper-middle class and prefer products and stores positioned at their social-class level.
(See page(s) 137)







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