WHAT ARE THE CONSUMERS OF THE MAJORITY MARKET IN VENEZUELA LIKE? AN APPROACH TO BUILDING A PSYCHOGRAPHIC PROFILE (Article published in Spanish)

Authors

  • Raquel Puente Castro Profesora, Universidad Icesi, Colombia. Profesora asociada, IESA, Centro de Mercadeo, Venezuela
  • Sabina López Di Blasi Investigadora IESA, Centro de Mercadeo, Venezuela.

DOI:

https://doi.org/10.1016/S0123-5923(11)70160-7

Keywords:

Low-income consumers, base of the pyramid, consumer behavior, psychographic profile, values

Abstract

This investigation thoroughly dis­cusses a profile of low-income con­sumers based on an understanding of their environment, everyday life, values, aspirations, and the dynamics of their purchasing and consumption habits. An ethnographic study of households was conducted in which sixty eight interviews were carried out among consumers at low socio­economic levels in Venezuela. The main findings underline the fact that there are differences that would al­low segmentation of these consumers into two groups - “I’m not doing bad and I’m improving” and “I’m not do­ing well, and I can’t see a way out of this”. Despite these differences, both groups share important similarities in relation to such values as family, solidarity, and honesty, and the con­viction that success comes through education and work

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Published

2011-06-30

Issue

Section

Research articles

How to Cite

WHAT ARE THE CONSUMERS OF THE MAJORITY MARKET IN VENEZUELA LIKE? AN APPROACH TO BUILDING A PSYCHOGRAPHIC PROFILE (Article published in Spanish). (2011). Estudios Gerenciales, 27(119), 123-150. https://doi.org/10.1016/S0123-5923(11)70160-7