Professional Documents
Culture Documents
Second Semester 2023
Second Semester 2023
• "look [that] has the appeal of "newness" because it has been missing or scarce in the
marketplace."
Mainstream
Trendy the "conservative consumers" join the trend,
the idea's popularity and acceptance continues
to increase, and the corporations and company
Consumer and public awareness of brands exploit the growing demand for that
the trend grows as the early adopters idea.
participate together with the
innovators to increase the Subject to acceptance or rejection
perceptibility of the trend.
Reduced into a Fad/the same level/Classic
Trend Fragmentation/Macro Trend
Fad
• A fad is a short-lived idea or temporary event that is usually called a "flash in the
pan"
• When a fad reaches a certain point of its popularity, it declines and eventually
disappears and dies in the market.
• Fads involve a lesser number of people and have a shorter duration of time.
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Characteristics of a Fad
Trend
Duration of Acceptability
time
Transitory
Cultural
increase or
Basis
decrease
Differences of Trends and Fads
TRENDS FADS
Duration of Time Years to decades Few months
Number Industries Affected Multiple Industry Single Industry
Industry Acceptance Big Industry Small Industry
Consumer adoption and Greater consumer adoption but
Greater consumer adoption
perception of overall quality can easily lose following
consumers' needs and emotional need to
Reason for rise purchase
lifestyle
Incubation period and develop slowly & have longer increase, decrease, and eventually
lifespan staying power die out quickly
several brands or products & single brand or product &
Scope diverse costumers narrow consumer segment
Cultural roots Deeper cultural roots Cross borders easily
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