chapter 5 Flashcards
(22 cards)
Consumer Behaviour
Actions a person takes in purchasing and using products and services
Motivation
-An energizing force that stimulates behaviour to satisfy a need
What is value
=Value=Price+Quality
Information search
-Internal and External
External Search
- Personal Sources
- Public sources
- Marketer-Dominated sources
Motivating the purchase
- Who should buy it from?
- terms of sale
- Past experience
- Return policy
When?
- Sales
- Time pressures
- Sales person
Post purchase
1) Tells 3 people, buys again (cost of customer maintenance = low)
2) Tells 9 people. Chances are not good (cost of customer re-acquisition = high)
- Working hard to relieve cognitive dissonance = post-purchase anxiety
Characteristics of the consumer purchase decision process
- Number of brands examined
- Number of sellers considered
- Number of product attributes evaluated
- Number of external information sources used
- Time spent searching
Black box theory
- A stimulus (advertising) interacts with many factors before generating a response a purchase.
- If a marketer understands the factors-better able to understand what kind of communications will be effective
Personality
-Your response to your environment
Perception
Difficult for marketers to inform and influence
- Selective Exposure
- Selective attention
- Selective Comprehension
- Selective Retention
Learning
- Behavioral
- Developing automatic response due to repeated exposure
- Drive cue response reinforcement - Cognitive
- No direct experience but reasoning and observation gets you to a conclusion
-Fact based functional advertising that show product in use and the happy result
Brand loyalty is because of
Learning
-consumers build a habit or purchase
Values, beliefs and attitudes
- Attitude formation- a learned predisposition to respond
- Attitude change-marketers attempt to
- change beliefs about brand attributes
- Add new attributes
Values
-A persons principles or standards of behaviour: one’s judgement of what is important in life
Beliefs
-A subjective perception of a brand or product based on personal experience
Attitudes
Attitudes are someone’s feelings towards an idea or object
- Advertisers typically showcase the attitudes of their target market in communications =
drives product acceptance
VALS Framework
VALS Framework
Tool that segments the US english speaking population +18 into 8 consumer groups:
1. Innovators
2. Thinkers
3. Believers
4. Achievers
5. Strivers
6. Experiencers
7. Makers
8. Survivors
Theory = 5 motivators, in combination, that create distinct groups out of the market
Primarily not based on ideals, your need for achievement, the value you place on self expression
+ your level of resources and the appeal of innovation
Word of mouth
-Buss marketing
Reference group
rence Groups = Peer Group - You make purchases to fit into your reference group - as long as you have a positive relationship with that group - Membership Group - Aspiration Group - Dissociative Group
FAAMILY
The impact of family members on a purchase -depends on what you are buying
Social class
– Groups that share similar values, interests and behaviours