Honors College Theses
Publication Date
2016
Major
Marketing (BBA)
Release Option
Open Access
Faculty Mentor
Jacqueline K. Eastman
Abstract
Status consumption refers to why people consume luxury products. Over the years a great deal of research has been done as to what factors are linked to status consumption. However there has been little research done on millennial’s status consumption trends. This study examined why millennials consume for status from a cultural angle (individualism and collectivism, power distance, and ethnicity). The survey findings suggest that while the motivation to consume for status and the cultural variable of power distance significantly impacted status purchase intention, individualism/collectivism and ethnicity did not. This study also delves into managerial implications of our results.
Copyright
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Recommended Citation
Faulk, Don L., "The Impact of Status Consumption on Luxury Consumption Behaviors: The Influence of Culture" (2016). Honors College Theses. 157.
https://digitalcommons.georgiasouthern.edu/honors-theses/157
Included in
Advertising and Promotion Management Commons, Management Sciences and Quantitative Methods Commons, Marketing Commons
