Understanding the Needs of Older Consumers

A prerequisite to effective marketing is knowledge about consumer needs and how to best satisfy them. This chapter informs the reader about the biophysical, psychological, and social changes that people are likely to experience with advancing age, including age-related changes in lifestyles. It expl...

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Main Author: Moschis G.P.
Other Authors: Mahidol University
Format: Book Chapter
Published: 2023
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Online Access:https://repository.li.mahidol.ac.th/handle/123456789/87683
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Institution: Mahidol University
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spelling th-mahidol.876832023-06-29T00:14:35Z Understanding the Needs of Older Consumers Moschis G.P. Mahidol University Business, Management and Accounting A prerequisite to effective marketing is knowledge about consumer needs and how to best satisfy them. This chapter informs the reader about the biophysical, psychological, and social changes that people are likely to experience with advancing age, including age-related changes in lifestyles. It explains how these changes create new needs, or intensify existing ones, prompting the aging consumer to change his or her consumption patterns. The chapter presents information based on research and aging theories from various disciples to help the reader understand reasons for differences in behaviors of people in various age groups and cohorts. To help practitioners understand the importance of these changes for business practice, examples of implications of these changes are also presented. 2023-06-28T17:14:35Z 2023-06-28T17:14:35Z 2022-01-01 Book Chapter Management for Professionals Vol.Part F379 (2022) , 19-42 10.1007/978-3-031-13097-7_2 2192810X 21928096 2-s2.0-85161960606 https://repository.li.mahidol.ac.th/handle/123456789/87683 SCOPUS
institution Mahidol University
building Mahidol University Library
continent Asia
country Thailand
Thailand
content_provider Mahidol University Library
collection Mahidol University Institutional Repository
topic Business, Management and Accounting
spellingShingle Business, Management and Accounting
Moschis G.P.
Understanding the Needs of Older Consumers
description A prerequisite to effective marketing is knowledge about consumer needs and how to best satisfy them. This chapter informs the reader about the biophysical, psychological, and social changes that people are likely to experience with advancing age, including age-related changes in lifestyles. It explains how these changes create new needs, or intensify existing ones, prompting the aging consumer to change his or her consumption patterns. The chapter presents information based on research and aging theories from various disciples to help the reader understand reasons for differences in behaviors of people in various age groups and cohorts. To help practitioners understand the importance of these changes for business practice, examples of implications of these changes are also presented.
author2 Mahidol University
author_facet Mahidol University
Moschis G.P.
format Book Chapter
author Moschis G.P.
author_sort Moschis G.P.
title Understanding the Needs of Older Consumers
title_short Understanding the Needs of Older Consumers
title_full Understanding the Needs of Older Consumers
title_fullStr Understanding the Needs of Older Consumers
title_full_unstemmed Understanding the Needs of Older Consumers
title_sort understanding the needs of older consumers
publishDate 2023
url https://repository.li.mahidol.ac.th/handle/123456789/87683
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