1987
DOI: 10.1177/002224298705100402
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Marketing and Exchange

Abstract: Exchange has been widely accepted as the core concept in marketing, yet the topic has received limited attention by researchers in the marketing discipline. The authors discuss exchange theory and tie it more closely to the basic underpinnings of marketing.

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Cited by 254 publications
(151 citation statements)
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“…People can satisfy their needs by self-production (typical of primitive societies), by reducing needs and wants, by allowing other values to override their inner desires (for example, athletes practicing forms of asceticism), and through exchange (Houston and Gassenheimer, 1987).…”
Section: Opportunities For Marketing Researchersmentioning
confidence: 99%
“…People can satisfy their needs by self-production (typical of primitive societies), by reducing needs and wants, by allowing other values to override their inner desires (for example, athletes practicing forms of asceticism), and through exchange (Houston and Gassenheimer, 1987).…”
Section: Opportunities For Marketing Researchersmentioning
confidence: 99%
“…Here, while reflecting upon all these components, we will focus on equity in economic terms of being or feeling ripped-off. Equity approaches in ethics and consumer behavior predict that consumers respond to businesses they deal with in terms of perceptions of fair treatment and related expectations of goal congruence, value, and control between marketers and themselves (Gould, 1992;Houston and Gassenheimer, 1987;Houston et al, 1992). An acceleration of this equity effect may be accentuated by the distancing inherent in technology and especially computers and software (Summers and Markusen, 1992) À individual consumers perceive themselves in a David against Goliath relationship with impersonal big business, something akin to consumer or cultural resistance (Ozanne et al, 1998).…”
Section: The Economic Issuementioning
confidence: 99%
“…Strutton et al, 1994). Such a decision may also be viewed as a type of exchange, i.e., appropriation, that is but one form of consumer acquisition-mode, others taking such forms as make-buy or purchaselease decisions (Houston and Gassenheimer, 1987;Houston et al, 1992). Analysis of this decision generates a number of broad-ranging perspectives.…”
mentioning
confidence: 99%
“…Houston and Gassenheimer (1987), for example, argue that if attention is limited to the study of single, isolated exchanges, the heart of marketing is ignored, while Levy and Zaltman (1975, p. 27) define marketing as a system where people or groups are inter-related, engaged in reaching a shared goal and have "patterned relationships with one another". Increasingly, organizations seek to develop ongoing relationships with their customers, moving the nature of their interaction along what Gronroos (1991) has described as a Marketing Strategy Continuum.…”
Section: Introductionmentioning
confidence: 99%