Week 1_Principle of Consumer Behavior Flashcards
the sequence of buyer’s black box
marketing and other stimuli to black box, then get buyer’s response
What is consumer behavior?
- activities people undertake when obtaining consuming, and disposing of products and services.
- A field of study that focuses on consumer activities.
- Scope goes beyond just why and how people buy to include
What is consumption analysis?
Why and how people USE product in addtion to why and how they BUY
larger and variety will increase the consumption
True. Tide and jelly beans
the factors in marketing stimuli
4’ p (marketing mix) and environmental factors (uncontrolable)
Two influences affect consumer’s behavior
consumer’s influence and organization influence.
why study consumer behavior?
- Consumer Behavior Determines the Economic Health of a Nation
- Consumer Behavior Determines the Success of Marketing Programs.
- educates consumers about health.
- Affects personal policy.
What is demarketing?
Stop consuming
What are Consumer research methods?
- Observation
- Interview and survey
- Experimentation
What is shadowing observation?
following and observing consumers in the shopping and consumption processes. Researchers may ask questions about reasons for behaviors.
What is physiological method in observation?
Techniques borrowed from medicine, psychology and other sciences including cameras to measure eye movement, galvanic skin response, MRI(Magnetic resonance imaging), etc.
The advantage of survey is
you can ask people WHY they doing things. When you want to know the reason, we can’t use observation to do consumer research.
What is longitudinal studies
repeated measures of activities of consumers over time to determine changes in opinions, buying, and consumption behaviors over a long period. (Use frequently in clinical testing)
The Underlying Principles of Consumer Behavior
The Consumer Is Sovereign
The Consumer Is Global
Consumers Are Different; Consumers Are Alike
The Consumer Has Rights
The meaning of “consumer is different”
different segments, different behaviors