Wednesday, December 3, 2008

Social Factors - Family-1

Today we continue our discussion on one important social factor and which is a family. Traditionally, it has been the wife’s role to purchase food, clothing and other household sundries, while the husband played a dominant role in the purchase of automobiles and life insurance. But with the emergence of the working woman, these lines of traditional role demarcation have been getting increasingly blurred. Husbands now have to shoulder a greater part of the household duties while women are asserting themselves in areas so far treated as the husband’s domain. Thus, the same decision, in different families may be made either by the husband or wife, or both may have an equal voice. Children are also beginning to exert their influence on the family’s purchase decision. This is especially true in case of products such as television, stereo music systems, records, personal computers, etc. where the children are likely to have more updated information about various brands and product attributes.

Commenting on the consumer behavior trends in the hi-fi stereo music today, Vice-president of Peico Electronic (Consumer electronics division) said, “It is teenagers who select sets, and their papers just buy them” (as reported in ‘India Today’ July 31, 1987).

In our next post we will discuss on other social factors like Roles, Status, Group norms etc.

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