← Back
Publicaciones

What are the consumers of the majority market in Venezuela like? An approach to building a psychographic profile

Authors

PUENTE CASTRO, RAQUEL, Lopez di Blasi, Sabina

External publication

No

Means

Estud. Gerenc.

Scope

Article

Nature

Científica

JCR Quartile

SJR Quartile

Publication date

01/04/2011

ISI

000447755100007

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.

Keywords

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

Universidad Loyola members