BC Flashcards
D
Explain why consumer behavior is the key to IMC strategy.
It helps identify what their customers’ needs and wants are as well as target segmenting their customers.
Describe the fundamental motivations behind consumer purchases.
Functional needs and psychological needs.
Psychological needs are the most basic human needs, including food, water, clothing, and shelter.
Functional needs: These needs focus on the essential functions or benefits that a product or service provides, rather than emotional or social considerations. the products durability, reliability, cost effectiveness, convenience.
Psychological needs
the most basic human needs, including food, water, clothing, and shelter.
Functional Needs:
These needs focus on the essential functions or benefits that a product or service provides, rather than emotional or social considerations. the products durability, reliability, cost effectiveness, convenience.
Why is the concept of perception so important in marketing communications?
Discuss cognitive dissonance
- a psychological phenomenon that occurs when a person experiences a conflict between their beliefs, attitudes, or values and their actions.
- It plays a significant role in marketing by influencing consumer behavior before, during, and after the purchase process, for instance
- After making a purchase, consumers may question whether they made the right choice
- Can occur during the decision-making phase, especially when consumers compare options.
Define market segmentation
identifies people with shared needs and characteristics.
What is the purpose of market segmentation
groups people into market segments according to their mutual interest in the product’s utility.
What are the four segmentation categories.
Demographics, Geographics,
Behavioristic, and Psychographics
What are demographics
age, race, gender (easiest way to group audiences)
What are Geographics
Where you live
What are pyschograpics
How you think (attitudes, lifestyles, values, personality, interests
what are Behavioristic
user status (how often you spend and what you buy), usage rate (light, medium, heavy), benefits sought (economy, convenience), Purchase occasion (regular, special)
Explain the target marketing process.
Select a target market from the market segment
Target a group that is most efficient and effective.
Use the 4Ps of marketing mix to shape a product concept for the market. (promotion, product, place, price)
Elaborate on the purposes of IMC research.
Primary data.
Data the company gathers (expensive and time consuming)
