mid sem Flashcards
(113 cards)
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.