consumers november 2023 Flashcards
consumer rights- information + choice
- right to equality: quality in products and services
-right to be charged fair prices: price needs to meet quality
-right to be treated with respect
type of decisions
spur of the moment: made in a hurry
-habitual: habit
-intuitive: intuition
-rational: logical thinking
consumer definition
-a person who buys products or services
consumers can fulfil their needs by
-they can buy and use different products and services to satisfy their needs
-the use of the “Maslow hierarchy of needs”
-self actualisation needs
-esteem needs
-social needs
-safety and security needs
-physiological needs
main objective of advertising
-persuade and provide information about product quality, availability and price or AIDA
market segmentation
-segmentation means to divide
-market segmentation involves dividing the market into groups of people who share needs, interests, likes and dislikes
each segment needs to
-have an identity that describes its members
-display behaviour that differs from other segments
-behave consistently
problems and concerns with packaging materials
-packaging may be bigger than the actual product which misleads the consumer
-the materials used are made from limited natural resources
-pollution
ways to protect the environment
-reduce reuse recycle
-conservation and sustainability
-use of products that preserve biodiversity
definition of sustainable
-to be maintained well so the product can be used in the future
definition of universal design
-designed for all people
definition of mass marketing
-the process of appealing to an entire market rather than one targeted group
definition of profit
-financial gain
maslows hierarchy of needs
-self actualisation needs
-esteem needs
-social needs
-security needs
-physiological needs
conformity
-compliance with standards, rules, or laws.
cultural factors
-the set of values, ideologies, belief systems, norms, and practices that are learned and shared among members of a group or society
peer group
-a group of people of approximately the same age, status, and interests.
individuality
-the quality or character of a particular person or thing that distinguishes them from others of the same kind, especially when strongly marked.
reference group
-collection of people who act as a baseline that individuals or other groups use for comparison