|
Trickle Down Effect
The trickle-down effect is a model of product adoption in marketing that affects many consumer goods and services. It states that fashion flows vertically from the upper classes to the lower classes within society, each social class influenced by a higher social class. Two conflicting principles drive this diffusion dynamic. Lesser social groups seek to establish new status claims by adopting the fashions of higher social groups in imitation, whilst higher social groups respond by adopting new fashions to differentiate themselves. This provokes an endless cycle of change, driving fashion forward in a continual process of innovation. Due to this dynamic, initially, a product may be so expensive that only the wealthy can afford it. Over time, however, the price will fall until it is inexpensive enough for the general public to purchase. History and evolution of the term The trickle down theory has been modified greatly from the Veblen-Jhering model, produced in the end of the 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Goods
A final good or consumer good is a final product ready for sale that is used by the consumer to satisfy current wants or needs, unlike a intermediate good, which is used to produce other goods. A microwave oven or a bicycle is a final good, but the parts purchased to manufacture them are intermediate goods. When used in measures of national income and output, the term "final goods" includes only new goods. For example, gross domestic product (GDP) excludes items counted in an earlier year to prevent double counting based on resale of items. In that context, the economic definition of goods also includes what are commonly known as ''services''. Manufactured goods are goods that have been processed in any way. They are distinct from raw materials but include both intermediate goods and final goods. Law There are legal definitions. For example, the United States' Consumer Product Safety Act has an extensive definition of consumer product, which begins: CONSUMER PRODUCT.--The t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Opinion Quarterly
''Public Opinion Quarterly'' is an academic journal published by Oxford University Press for the American Association for Public Opinion Research, covering communication studies and political science. It was established in 1937 and according to the ''Journal Citation Reports'', the journal has a 2015 impact factor of 1.429, ranking it 20th out of 79 journals in the category "Communication", 37th out of 163 journals in the category "Political Science" and 18th out of 93 journals in the category "Social Sciences, Interdisciplinary". The journal was originally sponsored by Princeton University's Woodrow Wilson School of Public and International Affairs. Its first editor-in-chief was former diplomat DeWitt Clinton Poole. See also * List of political science journals This is a list of political science journals presenting representative academic journals in the field of political science. A *''Acta Politica'' *''African Affairs'' *''American Journal of Political Science'' *''Ame ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Osborne Effect
The Osborne effect is a social phenomenon of customers canceling or deferring orders for the current, soon-to-be-obsolete product as an unexpected drawback of a company's announcing a future product prematurely. It is an example of cannibalization. The term alludes to the Osborne Computer Corporation, whose second product did not become available until more than a year after it was announced. The company's subsequent bankruptcy was widely blamed on reduced sales after the announcement. Description The Osborne Effect states that prematurely discussing future, unavailable products damages sales of existing products. The name comes from the planned replacement of the Osborne 1, an early personal computer first sold by the Osborne Computer Corporation in 1981. In 1983, founder Adam Osborne pre-announced several next-generation computer models (the Osborne Executive and Osborne Vixen), which were only prototypes, highlighting the fact that they would outperform the existing model ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prole Drift
The proletariat (; ) is the social class of wage-earners, those members of a society whose only possession of significant economic value is their labour power (their capacity to work). A member of such a class is a proletarian. Marxist philosophy considers the proletariat to be exploited under capitalism, forced to accept meager wages in return for operating the means of production, which belong to the class of business owners, the bourgeoisie. Marx argued that this oppression gives the proletariat common economic and political interests that transcend national boundaries, impelling them to unite and take over power from the capitalist class, and eventually to create a communist society free from class distinctions. Roman Republic and Empire The constituted a social class of Roman citizens who owned little or no property. The name presumably originated with the census, which Roman authorities conducted every five years to produce a register of citizens and their p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mass-market Theory
The mass-market theory, otherwise known as the trickle across, is a social fashion behavioral marketing strategy established by Dwight E. Robinson in 1958 and Charles W. King in 1963. Mass market is defined as, "a market coverage strategy in which a firm decides to ignore market segment differences and appeal to the whole market with one offer or one strategy." The mechanism focuses on the fashion innovators found within every social economic group and the influences in response to the couture enthusiasts that innovate as part of their stylish aspect. In contrast to the trickle-down effect of fashion innovation, this theory states that fashion trickles across different social groups as opposed to upper to lower classes. Fashion innovation is not just confined to the upper class but can come from the innovators amongst the different socioeconomic groups. Thus, known as the trickle across theory. The theory's roots from new fashion adoption influences 'simultaneously by different so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Diffusion (business)
Diffusion is the process by which a new idea or new product is accepted by the market. The rate of diffusion is the speed with which the new idea spreads from one consumer to the next. Adoption (the reciprocal process as viewed from a consumer perspective rather than distributor) is similar to diffusion except that it deals with the psychological processes an individual goes through, rather than an aggregate market process. Theories There are several theories that purport to explain the mechanics of diffusion: * The two-step hypothesis – information and acceptance flows, via the media, first to opinion leaders, then to the general population * The trickle-down effect – products tend to be expensive at first, and therefore only accessible to the wealthy social strata – in time they become less expensive and are diffused to lower and lower strata. *The Everett Rogers Diffusion of innovations theory – for any new idea, concept, product or method, there are five categories of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trickle-up Effect
The trickle-up effect or trickle-up economics is an economic policy proposition that final demand among a broad population can stimulate national income in an economy. The trickle-up effect states that policies that directly benefit lower income individuals will boost the income of society as a whole, and thus those benefits will "trickle up" throughout the population. Political terminology Relationship to trickle-down economics Trickle-down economics, as a term, is in much more frequent and broad use than "trickle-up". The term "trickle-down" is used by critics of economic policies to say that those policies favor wealthy individuals or large corporations over the middle and lower classes. In recent history, the term has been used broadly by critics of supply-side economics. Major US examples of what critics have called "trickle-down economics" include the Reagan tax cuts, the Bush tax cuts, and the Tax Cuts and Jobs Act of 2017. Major UK examples include the tax cut policies o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grant McCracken
Grant David McCracken (born 1951) is a Canadian anthropologist and author, known for his books about culture and commerce.Lee, Kate Culturematic Review ''Publishers Weekly''. (March 26, 2012) He was the founder and director of the Institute for Contemporary Culture at the Royal Ontario Museum and was a member of Convergence Culture Consortium at MIT. He holds a Ph.D. in anthropology from the University of Chicago. He coined the term the Diderot effect. He lives in Rowayton, Connecticut Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Its capita ....Source: Indiana University Press bio, accessed 25/1/2008 Bibliography * 1988 ''The Long Interview'' * 1990 ''Culture and Consumption'' * 1996 ''Big Hair'' * 1997 ''Plenitude'' * 2005 ''Culture and Consumption II'' * 2006 ''Flock and Flow'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Motivation
Motivation is the reason for which humans and other animals initiate, continue, or terminate a behavior at a given time. Motivational states are commonly understood as forces acting within the agent that create a disposition to engage in goal-directed behavior. It is often held that different mental states compete with each other and that only the strongest state determines behavior. This means that we can be motivated to do something without actually doing it. The paradigmatic mental state providing motivation is desire. But various other states, such as beliefs about what one ought to do or intentions, may also provide motivation. Motivation is derived from the word 'motive', which denotes a person's needs, desires, wants, or urges. It is the process of motivating individuals to take action in order to achieve a goal. The psychological elements fueling people's behavior in the context of job goals might include a desire for money. Various competing theories have been proposed co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Diffusion (business)
Diffusion is the process by which a new idea or new product is accepted by the market. The rate of diffusion is the speed with which the new idea spreads from one consumer to the next. Adoption (the reciprocal process as viewed from a consumer perspective rather than distributor) is similar to diffusion except that it deals with the psychological processes an individual goes through, rather than an aggregate market process. Theories There are several theories that purport to explain the mechanics of diffusion: * The two-step hypothesis – information and acceptance flows, via the media, first to opinion leaders, then to the general population * The trickle-down effect – products tend to be expensive at first, and therefore only accessible to the wealthy social strata – in time they become less expensive and are diffused to lower and lower strata. *The Everett Rogers Diffusion of innovations theory – for any new idea, concept, product or method, there are five categories of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Class
A social class is a grouping of people into a set of Dominance hierarchy, hierarchical social categories, the most common being the Upper class, upper, Middle class, middle and Working class, lower classes. Membership in a social class can for example be dependent on education, wealth, occupation, income, and belonging to a particular subculture or social network. "Class" is a subject of analysis for List of sociologists, sociologists, political scientists, anthropologists and Social history, social historians. The term has a wide range of sometimes conflicting meanings, and there is no broad consensus on a definition of "class". Some people argue that due to social mobility, class boundaries do not exist. In common parlance, the term "social class" is usually synonymous with "Socioeconomic status, socio-economic class", defined as "people having the same social, economic, cultural, political or educational status", e.g., "the working class"; "an emerging professional class". H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Theory Of The Leisure Class
''The Theory of the Leisure Class: An Economic Study of Institutions'' (1899), by Thorstein Veblen, is a treatise of economics and sociology, and a critique of conspicuous consumption as a function of social class and of consumerism, which are social activities derived from the social stratification of people and the division of labor; the social institutions of the feudal period (9th–15th c.) that have continued to the modern era.Bain, Jonathan. 2008.Thorstein Veblen (1857-1929) 'Conspicuous Leisure'" Social Philosophy (Spring 2008) L 2044 Polytechnic Institute of New York University. Retrieved 2021 May 11. Veblen discusses how the pursuit and the possession of wealth affects human behavior, that the contemporary lords of the manor, the businessmen who own the means of production, have employed themselves in the economically unproductive practices of conspicuous consumption and conspicuous leisure, which are useless activities that contribute neither to the economy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
