Chapter 6 Flashcards
Personal Characteristics
Race, Gender, Age
Race
Products and services are targeted at different races.
Most companies that manufacture hair, skin and other beauty care products, such as Revlon and Amka, group market their products by focusing on the differences between the needs and wants of different racial groups instead of using race as a discriminating factor.
The SAARF Universal LSM has developed a tool called the Living Standards Measurement (LSM) for assisting marketers in South Africa to deal with the issue of race.
Gender
The terms gender and sex are used interchangeably to refer to whether a person is biologically male or female.
This is a very important trait to marketers, since there are significant differences between men and women and their consumption patterns.
There are two major factors that impact on products and that marketers must take into consideration when selling their products.
- The first is the impact of gender on the products
- The second is the changing roles of men and women in the use of various products and services.
Age
Our taste in food, clothes, furniture and recreation is often related to our age. Adults experience certain transformations as they go through life and their behaviour changes as they mature. Marketers should consider critical life events or transitions, such as marriage, child birth, illness, relocation, divorce, career change, and death of a spouse or partner, as these circumstances give rise to new needs. The key point that you need to understand in this section is that marketers must understand exactly what they refer to when they discuss the concept of age. The definition of age has to take chronological age, biological age and psychological age into consideration. The impact of generation X and generation Y on marketing is also significant and the differences between these generations should be studied.
Age sub cultures:
- Seniors: (new age vs traditional)
- Baby Boomers : The generation born after WW2
- Generation X: Born between the 60’’s and 70’s
- Generation Y: Born between 70’s and 90’s
Many segmentation strategies can be grouped into these four categories:
- Geographic and geo-demographic.
- Demographic.
- Behavioural attitudes.
- Psychographic.
• Geographic and geo-demographic.
Region, climate and population density
- for example, SABMiller can decide to segment its market by using a combination of variables, such as region (Mpumalanga and Gauteng), for its main distribution areas, while using age to classify and segment its market (no under 18s allowed to consume their product).
• Demographic.
Age, sex, education, occupation, religion, race, nationality, family size and family cycle
• Behavioural attitudes.
Knowledge benefits the use of status, usage rates, loyalty status, readiness to buy and occasions.
• Psychographic.
Personality and lifestyle
- Clover-Danone, for example, segment its market by aiming its yoghurt at health-conscious consumers.
Nature of Personality
The varying elements of personality can be easily used or controlled to present radically different products.
Marketers can use each of the responses to position their products strategically, as well as to differentiate between them so that they appeal to different personalities.
Personality comprises those inner psychological characteristics that both determine and reflect the way a person responds to his or her environment.
It is also described as an individual’s consistency in coping with his or her environment. It;s the consistant pattern of responses to stimmuli from internal and external sources.
- Examples of personality traits include confidence, dominance, autonomy, deference, sociability, defensiveness, and adaptability. After studying this part of the work you should be able to give a detailed definition of the concept of personality.
How can Personality Traits be classified?
Provide examples of personality traits.
Personality traits are classified as a psychographic segmentation strategy and this factor is explored in the remainder of this section.
- Examples: confidence, dominance, autonomy, deference, sociability, defensiveness, adaptability
When studying personality, four characteristics are of vital importance:
• Personality reflects individual differences. • Personality is consistent and enduring. • Personality is conceived as a complete actualisation of oneself in an environment. • Personality can change.
• Personality reflects individual differences.
- Due to early childhood experiences, cultural exposure and personal motivation there are difference in each persons heredity.
- Eventhough no one is a like, we are similiar in many ways in terms of a single characteristic.
- The value of personality lies in the fact that marketers can categorise people in different groups based on a few traits.
• Personality is consistent and enduring.
An individuals personality is characterised by stability during change.
Consistency gives direction to a persons behaviour and sustains them in the face of experience that changes all the time.
Consistency refers to enduring, not unchanging, qualities of personality.
It also gives the behaviour of a person a measure of predictability.
It’s unreasonable for marketers to try and change a personality ,at best they can learn wich personality characteristics influence a particular customer responses, and attempt to appeal to a relevant personality.
Personality is only one of a combination of factors that influence how a customer behaves.