Consumer Expenditures & Life Styles-Fall 2011 9-6 - MK455

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Fall 2011, version 9-6-2011

Name: Type your name here

Date: Type the due date here

Class Section: Type your class section here

Assignment #5: Consumer Expenditures & Lifestyles

Here is the link to the home page of BuILDR: http://dev.montevallo.edu/scob/BuILDR

Assemble the information from BuILDR, answer the questions below, and then edit and format this document to look like a "professional report” by deleting all text in italics and adjusting the page breaks and formats. You must use the fonts and formatting in this template. Remember to save this document to a disk or jump drive!

P RODUCT

Choose one product or product type from your industry to study in this module.

Type in the name of the product or product type here (note: this is not a brand name).

C ONSUMER E XPENDITURES

Go to Consumer Behavior: Consumer Expenditures.

Click on the instructions for the Consumer

Expenditure Survey (CE).

Choose a table from the CE Survey that is relevant to your product and target market (for example, age, income, education, etc.). Give the number of the table and the complete name of the table below for the expenditures table and the shares table.

CURRENT EXPENDITURE TABLE Table Number and Name: Type response here

CURRENT EXPENDITURE SHARES TABLE Table Number and Name: Type response here

Looking at these tables, choose a category of spending that includes the spending on your product type

(for some products, this will be very clear, for others you will need to think about it carefully).

Category of Spending (Item): Type response here

Reason for Choosing this Category: Type response here

Provide the data on that category of spending here in terms of the dollar amounts and percentages for two different segments of consumers and discuss. The segments are defined by different columns in the data table you chose (for example, if you chose the “age” table, the segments might be “25 & under” and

“45-55”).

All Consumer Units Segment 1 (type column heading here)

Segment 2 (type column heading here)

Characteristics of Segment

Average Annual Expenditures

Leave blank

Fill in

Fill in

Fill in

Fill in

Fill in

Share of Average Annual

Expenditures

Fill in Fill in Fill in

Discussion:

Discuss here what you can conclude from the data in the table above. How do the segments differ? What does the "share" of expenditures tell you that the dollar value doesn't?

Type response here

L IFE S TYLES OF C ONSUMERS

Go to Consumer Behavior: Life Styles of Consumers.

Click on the instructions for the Bureau of Labor

Statistics.

Look at two categories of activities in the American Time Use Survey (ATUS) that are related to the purchase and/or use of your product. Look at the most recent year (2010) and the oldest year

(2003).

Activity Category #1: Type response here

Reason for Choosing this Category: Type response here

Activity Category #2: Type response here

Reason for Choosing this Category: Type response here

Provide the data on those activities in the tables below.

Year: 2008

Activity

Average percent engaged in the activity per day

Fill in #1 here

Total

Fill in %

Men

Fill in %

Women

Fill in %

Fill in #2 here

Year: 2003

Fill in % Fill in % Fill in %

Average hours per day for persons engaged in this activity

Total

Fill in hrs

Fill in hrs

Men

Fill in hrs

Fill in hrs

Women

Fill in hrs

Fill in hrs

Activity

Fill in #1 here

Fill in #2 here

Average percent engaged in the activity per day

Total

Fill in %

Fill in %

Men

Fill in %

Fill in %

Women

Fill in %

Fill in %

Average hours per day for persons engaged in this activity

Total

Fill in hrs

Fill in hrs

Men

Fill in hrs

Fill in hrs

Women

Fill in hrs

Fill in hrs

Discussion:

Discuss here what you can conclude from the data in the table above. How does the use of time in those categories differ between men and women? How did the use of time in those categories change over the last five years? If they changed, why do you think that happened? If they didn’t change, why not?

Type response here

VALS T YPE

Go to Consumer Behavior: Life Styles of Consumers.

Click on the instructions for the VALS Survey,

Demographics and Behaviors.

Take the VALS survey. Into which VALS segment did the survey classify you? (If you are categorized into more than one, choose one to answer the questions below)

Type response here

P RIMARY M OTIVATION

What is the “Primary Motivation” for your VALS type?

Type response here

R ESOURCES

What is the tendency with regard to “Resources” for your type?

Type response here

P OINTS OF A GREEMENT /D ISAGREEMENT

Do you agree with the way the VALS survey classified you? Use the table below to explain where and how you agree or disagree. Include characteristics from the paragraph summaries of the VALS types as well as the data from the Sample Demographics and Behaviors .

Description of your VALS Type Agree? Why or Why not?

Characteristics of your VALS type

Characteristics of your VALS type

Characteristics of your VALS type

Characteristics of your VALS type

Characteristics of your VALS type

Characteristics of your VALS type

Sample Demographics and Behaviors

Sample Demographics and Behaviors

Sample Demographics and Behaviors yes or no Explain here

Explain here

Explain here

Explain here

Explain here

Explain here

Explain here

Explain here

Explain here

L EARNING E XPERIENCE ON THIS M ODULE

Write about your learning experience on this module. What did you expect? What surprised you? What did you learn that was most useful?

Type response here

Print and attach the grading sheet on the following page. You will fill it out in class on the day you turn in this assignment.

Your Name:

MK 351: Grading Sheet for BuILDR Assignments

Comments Criteria

C OMPLETENESS :

Collected information for all questions

Followed instructions correctly

Weight Score

35

35 Q UALITY OF A NALYSIS :

Applied concepts correctly

Answers are focused and thoughtful

P RESENTATION :

Formatting, grammar, no typos

Written clearly

Quality of charts/graphs

H ANDLING

D

EVIATIONS

/P

ROBLEMS

:

Made appropriate choices

Good notes explaining alternatives

Total

20

10

100

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