5.1 Consumer Markets and Consumer Buyer Behaviour Flashcards
(45 cards)
Definition of consumer buyer behavior
Consumer buyer behaviour:
The buying behaviour of final consumers—individuals and households that buy goods and services for personal consumption.
Definition of Consumer market,
Consumer market:
All the individuals and households that buy or acquire goods and services for personal consumption.
What is the central question for marketers when considering consumer behaviour.
The central question for marketers, then, is this: Given all the characteristics (cultural, social, personal, and psychological) affecting consumer behaviour, how do we best design our marketing efforts to reach our consumers most effectively?
In the past, the field was often referred to as buyer behaviour, reflecting an emphasis on the actual exchange of goods for money.
Figure 5.1 Some Issues That Arise During Stages in the Consumption Process
What is the ultimate test of whether or not a marketing strategy is successful?
Consumers’ responses, which can range from actual purchase to merely engaging in word-of-mouth communications about the product, is the ultimate test of whether or not a marketing strategy is successful.
What are some factors that strongly influence consumer purchases?
Consumer purchases are influenced strongly by cultural, social, personal, and psychological characteristics,
Figure 5.2 Factors Influencing Consumer Behaviour
Definition of Culture
Culture:
The set of basic values, perceptions, wants, and behaviours learned by a member of society from family and other important institutions.
In terms of culture, what should marketers always trying to spot?
Marketers are always trying to spot cultural shifts to discover new products that might be wanted.
Definition of Subculture
Subculture:
A group of people with shared value systems based on common life experiences and situations.
What can subcultures include?
Subcultures include nationalities, religions, racial groups, and geographic regions.
Whats a way that you can control for different personality types?
Have a large sample size so that one persons personality can not saw the results too much.
Definition of Total Market Strategy
Total market strategy:
Integrating ethnic themes and cross-cultural perspectives within a brand’s mainstream marketing, appealing to consumer similarities across subcultural segments rather than differences.
Definition of Social Class
Social class:
Relatively permanent and ordered divisions in a society whose members share similar values, interests, and behaviours.
What are some social factors that influence consumor behavior?
A consumer’s behaviour also is influenced by social factors, such as the consumer’s groups and social networks, family, and social roles and status.
What are membership groups?
Groups that have a direct influence and to which a person belongs are called membership groups.
Definition of Reference group
Reference group:
A group that serves as direct or indirect point of comparison or reference in forming a person’s attitudes or behaviour.
What is an asperational group?
An aspirational group is one to which the individual wishes to belong, as when a young basketball player hopes to someday emulate Toronto Raptors basketball star Kyle Lowry and win an NBA championship.
Definition of Opinion Leader
Opinion leader:
A person within a reference group who, because of special skills, knowledge, personality, or other characteristics, exerts social influence on others.
Definition of Word-of-mouth influence.
Word-of-mouth influence:
The impact of the personal words and recommendations of trusted friends, family, associates, and other consumers on buying behaviour.
Definition of Influencer marketing.
Influencer marketing:
Enlisting established influencers or creating new influencers to spread the word about a company’s brands.
Definition of Online social networks
Online social networks:
Online social communities—blogs, online social media, brand communities, and other online forums—where people socialize or exchange information and opinions.
What are the different personal characteristics that a buyer’s decisions are influence by?
A buyer’s decisions also are influenced by personal characteristics such as the buyer’s occupation, age and life stage, economic situation, lifestyle, and personality and self-concept.
How does occupation influence buyer behavior?
A person’s occupation affects the goods and services bought.
Blue-collar workers tend to buy more rugged work clothes, whereas executives buy more business suits.
Marketers try to identify the occupational groups that have an above-average interest in their products and services.
A company can even specialize in making products needed by a given occupational group.