16. Different Types of Malls Strip Mall Regional Mall Super-Regional Mall Mega Mall
17. VALS System Values, Attitudes and Lifestyles System uses several variables to determine different groups of consumers Achievers – hardworking, materialistic and highly educated shoppers.Go for luxury products that show status. Strivers – similar to achievers but with less means to indulge in luxury products Experiencers – youngest group (under 25), avid consumers, focus on fashion, music and food. Go for the newest products. Makers – lower-income groups that appreciate practical and functional products
19. “the best measure of social consciousness is now the Index of Consumer Sentiment, which charts optimism about the state of the world in terms of willingness to spend money” -William Leiss
20. “ the realm of needs becomes identical with the range of possible objects, while the nature of the object itself becomes largely a function of the psychological state of those who desire it” -William Leiss