mid sem Flashcards
consumer behaviour
study of processes involved when individuals or groups select, purchase, use or dispose products/ideas/experiences to satisfy their needs and desires.
phases of consumer behaviour
pre-consumption
consumption
post-consumption
difference between consumer and customer
customer - someone who buys something.
consumer - person who identifies a need or desire, makes a purchase, and then disposes of the product.
market segmentation
process of dividing a market into distinct subsets of consumers who have common needs, selecting one or more segments to target with a distinct marketing strategy. mostly based upon usage.
4 types of relationship a person may have with a produce
self-concept attachment.
nostalgic attachment.
interdependence.
love.
4 types of consumption activities
consuming as an experience.
consuming as integration.
consuming as classification.
consuming as play.
need
something a person must have to live or to achieve a goal.
want
the particular form of consumption chosen to satisfy a need.
culture jamming
a strategy to disrupt efforts by the corporate world to dominate our cultural landscape.
it can change the way information flows, the way institutions wield power, the way TV stations are run, and the way other industries set their agencies.
green marketing
strategy involving an emphasis on protecting the natural environment.
greenwashing
when companies make false/exaggerated claims about how environmentally friendly their products are.
deviant consumer behaviour
actions that violate the accepted behaviour in a consumer context and results in harm for other customers or the organisation.
types of addictive consumption
consumer addiction
compulsive consumption.
consumer addiction
physiological and/or psychological dependency on products or services.
compulsive consumption
repetitive shopping, often excessive, as an antidote to tension, anxiety, depression or boredom.
consumed consumers
people who are used or exploited for commercial gain in the marketplace.
what is market segmentation used for?
to expand a market, or enter a new one. It helps us satisfy the specific needs or wants of particular consumers more efficiently
market segmentations
geographic segmentation. demographic segmentation. demographic profiles. psychographic segmentation. sociocultural segmentation. user related segmentation. benefit segmentation. hybrid segmentation.
geographic segmentation
market is divided by location.
consumers living in the same area are assumed to share the same needs and wants.
demographic segmentation
based upon the identifiable and measurable statistics of a population (age, gender, marital status, income, education, and occupation).
demographic profiles
includes size of households, number of children, income levels, education levels, employment info, etc.
psychographic segmentation
employs a series of statements designed to identify relevant elements of a consumer's personality, buying motives, interests, attitudes, beliefs, values. AKA AIO (activities, interests, opinion) or lifestyle analysis.
sociocultural segmentation
sociocultural variables (groups, cultures) can be used to subdivide markets base upon: family life cycle, social class, core cultural values, subcultural memberships, cross-cultural affiliations.
user related segmentation
categories consumers in terms of product, brand or service usage.
benefit segmentation
changing lifestyles play a major role in determining important product benefits.
hybrid segmentation
allows the marketer to combine individual approaches to define and identify segments more accurately.
segmentation strategies
behavioural targeting. micro targeting. concentrated marketing. differentiated marketing. counter-segmentation
behavioural targeting
based upon usage behaviour
microtargeting
applies narrowcasting to deliver personalised messages to individuals.
concentrated marketing
targets one segment with a unique marketing mix.
differentiated marketing
targeting several segments with individualised marketing mixes.
counter-segmentation
combining two or more smaller segments and targets based upon a generic need.
perception
process of selecting, organising, and interpreting information to make sense of it.
sensation
immediate response of our sensory receptors to basic stimuli such as light, colour, odour, and texture.
study of perception
focuses on what we add to raw sensations to give the meaning.
experimental marketing
seeks opportunities to connect with consumers by engaging in a sensory way and drawing on personal.
sensory marketing - visual
marketers rely heavily on visual elements in advertising, store design, and packaging
sensory marketing - smell
odours can stir emotions, create a calming feeling and improved consumer memory. Some responses to scents result from early associations that call up a good or bad feelings.
sensory marketing - sound
sounds affects people’s feelings and behaviours.
background music creates desired moods.
advertising jingles create brand awareness.
touch
encouraging shoppers to touch a product encourages them to image they own it, where people value things more highly if they own it.
taste
taste receptors contribute to our experience of many products.
subliminal perception
occurs when the stimulus is below the level of the consumer’s awareness.
attention
the extent to which processing activity is devoted to a particular stimulus.
perceptual selection
people notice a small portion of the stimuli to which they are exposed.
consumers are often in a state of sensory overload, exposed to far more information than they can or are willing to receive.
personal selection factors
experience.
perceptual vigilance.
perceptual defence.
adaptation.