Podcast
Questions and Answers
What is a key reason for a company to understand consumer behavior?
What is a key reason for a company to understand consumer behavior?
- To develop a universal marketing message for all demographics
- To extend business overseas (correct)
- To determine the exact pricing strategy for all products
- To eliminate competition in the market
Which stage of the consumption process involves evaluating the product's performance after purchase?
Which stage of the consumption process involves evaluating the product's performance after purchase?
- Postpurchase stage (correct)
- Post-decision stage
- Purchase stage
- Pre-purchase stage
In the context of consumer behavior, what are 'wants' categorized as?
In the context of consumer behavior, what are 'wants' categorized as?
- Fixed biological requirements
- Flexible preferences driven by consumer context (correct)
- Necessary survival elements that create tension
- Stable demands that do not change over time
According to the consumption process, what primarily influences the consumer's attitude during the pre-purchase stage?
According to the consumption process, what primarily influences the consumer's attitude during the pre-purchase stage?
What percentage of customers typically account for the majority of profits in a business?
What percentage of customers typically account for the majority of profits in a business?
What is the primary focus of the marketer's perspective during the purchasing stage?
What is the primary focus of the marketer's perspective during the purchasing stage?
What aspect characterizes the consumption behavior of consumers regarding their product choices?
What aspect characterizes the consumption behavior of consumers regarding their product choices?
Which statement best describes the nature of 'needs' in consumer behavior?
Which statement best describes the nature of 'needs' in consumer behavior?
What is a critical aspect that influences consumers' decision-making during the purchase stage?
What is a critical aspect that influences consumers' decision-making during the purchase stage?
Which statement best reflects the process involved in consumer behavior?
Which statement best reflects the process involved in consumer behavior?
How should companies categorize their marketing efforts based on consumer behavior?
How should companies categorize their marketing efforts based on consumer behavior?
What primarily motivates the creation of wants in consumer behavior?
What primarily motivates the creation of wants in consumer behavior?
In what way does the post-purchase stage impact consumer behavior?
In what way does the post-purchase stage impact consumer behavior?
During which part of the consumption process do consumers actively gather information about alternatives?
During which part of the consumption process do consumers actively gather information about alternatives?
What role do biological needs play in consumer behavior?
What role do biological needs play in consumer behavior?
What is one way marketers can influence a consumer's attitude during the pre-purchase stage?
What is one way marketers can influence a consumer's attitude during the pre-purchase stage?
Which factor is least likely to influence the consumer's decision-making process during purchasing?
Which factor is least likely to influence the consumer's decision-making process during purchasing?
Why is it critical for businesses to understand the consumption process from the consumer's perspective?
Why is it critical for businesses to understand the consumption process from the consumer's perspective?
What is the primary reason people buy products like Peeps?
What is the primary reason people buy products like Peeps?
Which factor most significantly influences brand preference among consumers?
Which factor most significantly influences brand preference among consumers?
What role does consumer bonding play in the context of brand choices?
What role does consumer bonding play in the context of brand choices?
How do consumers perceive products like Nike compared to their competitors?
How do consumers perceive products like Nike compared to their competitors?
What is the significance of the 'swoosh' logo for consumers of Nike?
What is the significance of the 'swoosh' logo for consumers of Nike?
Why do devoted fans of certain products engage in activities like photographing or creating sculptures with Peeps?
Why do devoted fans of certain products engage in activities like photographing or creating sculptures with Peeps?
How does the shelf life of 2 years impact the consumption of products like Peeps?
How does the shelf life of 2 years impact the consumption of products like Peeps?
What underlying factor often drives consumer choice between competing brands?
What underlying factor often drives consumer choice between competing brands?
What distinguishes hedonic needs from utilitarian needs in consumer behavior?
What distinguishes hedonic needs from utilitarian needs in consumer behavior?
How can a company best convince consumers that its products meet their needs?
How can a company best convince consumers that its products meet their needs?
What role do personal and cultural factors play in the emergence of wants from needs?
What role do personal and cultural factors play in the emergence of wants from needs?
What might drive an individual to satisfy a basic need like hunger differently?
What might drive an individual to satisfy a basic need like hunger differently?
In what way does the concept of motivation relate to consumer product choices?
In what way does the concept of motivation relate to consumer product choices?
Which of the following best exemplifies a hedonic need in a consumer purchase decision?
Which of the following best exemplifies a hedonic need in a consumer purchase decision?
What is the significance of the direction of motives in consumer behavior?
What is the significance of the direction of motives in consumer behavior?
When a consumer selects a brand of jeans, what underlying motivation might influence their decision?
When a consumer selects a brand of jeans, what underlying motivation might influence their decision?
What is the primary difference between utilitarian and hedonic needs in consumer behavior?
What is the primary difference between utilitarian and hedonic needs in consumer behavior?
How does drive theory explain consumer motivation?
How does drive theory explain consumer motivation?
What does expectancy theory suggest concerning consumer behavior?
What does expectancy theory suggest concerning consumer behavior?
What is the relationship between tension and consumer drive according to the content?
What is the relationship between tension and consumer drive according to the content?
What common behavior contradicts the principles of drive theory?
What common behavior contradicts the principles of drive theory?
What does the term 'productivity orientation' refer to in consumer behavior?
What does the term 'productivity orientation' refer to in consumer behavior?
Which of the following needs describes the desire to connect with others?
Which of the following needs describes the desire to connect with others?
What primarily drives the urgency a consumer feels to satisfy a need?
What primarily drives the urgency a consumer feels to satisfy a need?
What motivational factor influences individuals with a high need for achievement in their product choices?
What motivational factor influences individuals with a high need for achievement in their product choices?
What outcome often occurs when a behavior successfully reduces a drive, according to the content?
What outcome often occurs when a behavior successfully reduces a drive, according to the content?
According to the content, what key factor currently influences explanations of motivation more than biological needs?
According to the content, what key factor currently influences explanations of motivation more than biological needs?
Which product type is most likely to appeal to consumers with a high need for power?
Which product type is most likely to appeal to consumers with a high need for power?
In which scenario would an individual likely demonstrate a high need for affiliation?
In which scenario would an individual likely demonstrate a high need for affiliation?
Which concept outlines the relationship between specific consumer behaviors and psychogenic needs?
Which concept outlines the relationship between specific consumer behaviors and psychogenic needs?
How might consumers with a high need for achievement behave when selecting apparel?
How might consumers with a high need for achievement behave when selecting apparel?
What is a possible outcome for consumers with a strong productivity orientation when trying new experiences?
What is a possible outcome for consumers with a strong productivity orientation when trying new experiences?
Flashcards
Consumer Behavior (CB)
Consumer Behavior (CB)
The study of how individuals and groups select, use, and dispose of products, ideas, and experiences to satisfy their needs and wants.
Consumer Behavior
Consumer Behavior
The factors that influence a consumer's decision to purchase a product or service. This includes their needs, wants, beliefs, attitudes, and the social and cultural influences around them.
Pre-Purchase Stage
Pre-Purchase Stage
The stage where consumers decide if they need a product, research available options, and compare alternatives. This can involve internal factors (needs, wants) and external factors (marketing messages, reviews).
Purchase Stage
Purchase Stage
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Post-Purchase Stage
Post-Purchase Stage
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Marketing's Impact on Consumer Behavior
Marketing's Impact on Consumer Behavior
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The 80/20 Rule
The 80/20 Rule
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Marketing and Needs/Wants
Marketing and Needs/Wants
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What is Consumer Behavior?
What is Consumer Behavior?
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What influences consumer behavior?
What influences consumer behavior?
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How does marketing impact consumer behavior?
How does marketing impact consumer behavior?
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What are needs?
What are needs?
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What are wants?
What are wants?
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Can marketing create needs?
Can marketing create needs?
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Forbrukeratferd
Forbrukeratferd
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Tre faser av forbrukeratferd
Tre faser av forbrukeratferd
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Markedsføring og ønsker
Markedsføring og ønsker
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Markedsføring og forbrukeratferd
Markedsføring og forbrukeratferd
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80/20-regelen
80/20-regelen
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Meaningful consumption
Meaningful consumption
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Brand image
Brand image
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Beyond functionality
Beyond functionality
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Marketing for meaning
Marketing for meaning
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Consumption as bonding
Consumption as bonding
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Lifestyle statements
Lifestyle statements
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Marketing's influence on wants
Marketing's influence on wants
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Motivation
Motivation
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Drive
Drive
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Drive Theory
Drive Theory
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Expectancy Theory
Expectancy Theory
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Utilitarian Need
Utilitarian Need
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Hedonic Need
Hedonic Need
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Consumer Goal
Consumer Goal
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Marketing & Consumer Motivation
Marketing & Consumer Motivation
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Need vs. Want
Need vs. Want
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Want
Want
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Need
Need
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Dual Benefit
Dual Benefit
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Company's Goal
Company's Goal
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Productivity Orientation
Productivity Orientation
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Psychogenic Needs
Psychogenic Needs
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Need for Autonomy
Need for Autonomy
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Need for Defendance
Need for Defendance
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Need for Play
Need for Play
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Need for Affiliation
Need for Affiliation
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Need for Power
Need for Power
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Need for Achievement
Need for Achievement
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Study Notes
Session 1: Introduction to Consumer Behaviour
- Companies should understand consumer behaviour to expand businesses overseas and understand consumer perception of brands and products.
- Consumer behaviour involves understanding how consumers buy products, including considerations like packaging design.
- Consumer behaviour analysis studies how individuals or groups select, purchase, use, and dispose of products, services, ideas, and experiences.
- Consumers are individuals, buying items for personal use, or for resale.
- Companies should understand consumer behaviour to understand consumers' "real" perception of brand/product.
Stages in Consumer Insight
- Consumers go through stages before, during and after purchasing a product
- Pre-purchase stage: consumer decides whether or not a product is needed. They find sources of information to select suitable alternatives. Factors like the time of day or store display can affect purchase decisions.
- Purchasing stage: This process can be stressful (or pleasant). Consumers evaluate product value and other factors. Consumers determine product value and how a product fits their sense of self.
- Post-purchase stage: consumer evaluates whether the product met the expectation. Did it give pleasure or was it as expected? Consumers determine whether the product met expectations and if there were any issues concerning the purchase. How a product is disposed of and the environmental impact are important considerations. Environmental impact of product disposal is crucial.
Consumer Perspective
- 20% of products generate 80% of profits.
- Companies should focus on high-value customers to optimize marketing efforts.
- Companies target 20% of customers who generate the most profits as these are the most valuable to the business.
- Companies can optimize their marketing efforts by concentrating on valuable customers.
Marketing and Needs
- Marketing can involve creating customer needs, and these can be biological (e.g hunger).
- Needs can be influenced by comfort or other factors both within and external to consumers, and not every need is a priority. Products that help customers meet a need can be more successfully sold.
- Ways of satisfying needs are not always constant and can depend on the environment, and the consumer
- Current needs are important to marketing success.
- How products are disposed of and the environmental impact are important considerations in consumer behaviour.
Hierarchy of Needs
- A pyramid model that illustrates self-fulfillment needs and deficiency needs.
- The hierarchy shows that consumers' needs vary in types and severity and can affect purchase decisions.
- Understanding a consumer's needs is crucial for successful marketing.
- Understanding consumers' needs is vital for effective marketing, as products should meet critical needs. For example, Google Glass failed because it did not effectively address a real need.
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