Ch. 6 - The Domestic Marketplace (Flashcards)

Front

Consumer Market

Back

Involves all people who make purchases for personal use.

Front

Disposable Income

Back

Earnings left after taxes are taken out.

Front

Family Life Cycle

Back

Refers to the evolution of the family from the young, single adult stage to retirement.

Front

Wholesalers

Back

Businesses that obtain goods from manufacturers and resell them to industrial users, wholesalers, and retailers.

Front

Baby Boomers

Back

Group of 76 million babies born between 1946 and 1964.

Front

Baby Boomlets

Back

Group of people born in the 1980s and peaked in 1991 (aka: Millennials).

Front

Discretionary Income

Back

Earnings left after paying for basic living expenses, such as food, shelter, and clothing.

Front

Retailers

Back

Businesses that buy goods from wholesalers or directly from manufacturers and resell them to the consumer.

Front

Whoopies

Back

Well-heeled older persons who are 60+.

Front

Generation X

Back

Group born after 1964, when the birth rate declined for years.