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Consumer Behavior - Class Notes

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The study of consumer behavior is a critical aspect of any business operation. Understanding the needs, wants, preferences, and behavior of consumers enables a business to create products and services that meet their expectations. This is where the importance of consumer behavior study class notes comes into play. These notes provide students with the knowledge and skills necessary to analyze and interpret consumer behavior, including the factors that influence their decision-making process.

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May 13, 2023
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Stage in consumption process?
The stages in the consumption process are:

1. Problem recognition: The consumer recognizes a need or want.
2. Information search: The consumer seeks information to satisfy the need or want.
3. Evaluation of alternatives: The consumer evaluates different options to satisfy the need
or want.
4. Purchase decision: The consumer makes a decision to purchase a product or service.
5. Post-purchase evaluation: The consumer evaluates their satisfaction with the purchase.


Consumer brand relationships?
Consumer brand relationships refer to the emotional and psychological connections that
consumers have with a particular brand. These connections can be positive or negative
and can influence a consumer's purchasing decisions and brand loyalty.

There are several types of consumer-brand relationships, including:

1. Brand loyalty: Consumers who consistently purchase a particular brand and have a
positive emotional connection with it.
2. Brand trust: Consumers who have confidence in a brand's products or services and
believe that the brand will consistently meet their needs.
3. Brand love: Consumers who have a strong emotional attachment to a brand and may
even feel a sense of personal identity with the brand.
4. Brand avoidance: Consumers who actively avoid a particular brand due to negative past
experiences or perceptions of the brand.
5. Brand indifference: Consumers who do not have a strong emotional connection to a
brand, and their purchasing decisions are based primarily on price, convenience, or
other practical considerations.

Overall, Consumer brand relationships are complex and multifaceted, and can be
influenced by a variety of factors, including personal experiences, advertising, and
social influence.


Self-concept attachment?
Self-concept attachment refers to the extent to which an individual's self-concept (i.e.,
their sense of self and their personal identity) is connected to a particular product,
brand, or consumer good. People with a high self-concept attachment to a product or
brand believe that the product or brand is an important part of their self-image and
view their consumption of the product or brand as an expression of their personal
identity.

Self-concept attachment can be influenced by a number of factors, including:

 Personal values and beliefs
 Social identity and group membership
 Brand personality and imagery
 Emotional experiences and memories associated with the brand

, A high self-concept attachment can lead to increased brand loyalty and positive brand
attitudes, as well as a willingness to pay a premium price for the product or brand. It
can also lead to negative attitudes towards competing brands, and even lead to
defensive behavior when the brand is criticized.

On the other hand, a low self-concept attachment may lead to more utilitarian or
practical attitudes towards consumption, and less emotional investment in the brands
they choose.


Give me example?
An example of self-concept attachment would be a consumer who identifies strongly
with a particular clothing brand and sees their clothing choices as an expression of their
personal identity. This consumer may have a strong emotional connection to the brand,
viewing it as a reflection of their unique style and personality. They may also be more
likely to purchase clothing and accessories from this brand, even if they are more
expensive than comparable products from other brands. Additionally, they may also feel
a sense of personal validation when they see others wearing the same brand.

Another example would be a consumer who has a strong self-concept attachment to a
particular car brand. They may see their car as an extension of their personal identity
and view their car choice as a reflection of their success and status. They may also be
more likely to purchase cars from this brand, even if they are more expensive than
comparable cars from other brands. They may also feel a sense of pride when they see
other people driving the same brand of car.

These examples illustrate how self-concept attachment can influence consumer
behavior and purchasing decisions, with individuals who have a stronger self-concept
attachment to a brand being more likely to make purchasing decisions based on their
emotional connection to the brand, rather than practical considerations such as price or
functionality.


How companies can take advantage of this?
Companies can take advantage of consumer self-concept attachment by developing
strategies to create and strengthen emotional connections between consumers and
their brands. Here are a few ways companies can do this:

1. Build a strong brand personality: Companies can create a brand personality that aligns
with the values and aspirations of their target consumers. This can help create an
emotional connection between consumers and the brand.
2. Create brand storytelling: Companies can create compelling stories about their brand
and products that connect with consumers on an emotional level. This can help
consumers see themselves in the brand and create an emotional attachment.
3. Encourage brand loyalty: Companies can create loyalty programs and other incentives
that reward consumers for their repeat business. This can help create a sense of
exclusivity and belonging among consumers who feel connected to the brand.
4. Use social media and influencer marketing: Companies can use social media and
influencer marketing to create buzz and excitement around their brand. This can help

, create a sense of community and connection among consumers who follow the brand
on social media.
5. Create brand experiences: Companies can create unique, memorable brand
experiences that create emotional connections between consumers and the brand. This
can include in-store events, product demonstrations, or other interactive experiences
that allow consumers to connect with the brand on a personal level.

Overall, by understanding the self-concept attachment, companies can create a deeper
emotional connection with their customers and can increase their brand loyalty and
sales.


What about nostalgic attachment?
Nostalgic attachment refers to the emotional connection that consumers have to a
brand, product, or experience from their past. This type of attachment is based on
memories and emotions associated with a particular brand or product from the
consumer's past. Consumers with a nostalgic attachment to a brand or product may
have positive memories and emotions associated with the brand or product, and may
be more likely to purchase it again in the future.

Nostalgia can be a powerful tool for companies to create a deeper emotional connection
with their customers and to increase brand loyalty. Here are a few ways companies can
use nostalgia in their marketing:

1. Bring back classic products: Companies can reintroduce classic products that were
popular in the past. This can create a sense of nostalgia among consumers who
remember the product from their past and may be more likely to purchase it again.
2. Use nostalgia in advertising: Companies can use advertising that evokes feelings of
nostalgia, such as by using vintage imagery or familiar characters from the past. This
can create an emotional connection with consumers who remember the brand or
product from their past.
3. Create brand experiences: Companies can create brand experiences that evoke feelings
of nostalgia, such as by recreating a classic product or by creating a pop-up store that
evokes feelings of the past.
4. Use social media: Companies can use social media to share images, videos or
information about their brand history, this can create a sense of nostalgia among
consumers who remember the brand or product from their past.

Overall, by tapping into consumers' nostalgic attachments, companies can create a
deeper emotional connection with their customers and increase brand loyalty.


Interdependence?
Interdependence refers to the relationship between two or more entities that are
mutually dependent on each other. In the context of consumer behavior,
interdependence refers to the relationship between consumers and brands or products.
Consumers may be interdependent on a brand or product, meaning that their sense of
self or identity is connected to the brand or product, and the brand or product is
dependent on the consumer for its success.

, Interdependence can be seen in various forms such as:

 Brand loyalty: consumers who consistently purchase a particular brand and have a
positive emotional connection with it, and the brand that depends on the consumer to
make a purchase.
 Brand community: consumers who feel a sense of belonging to a brand community and
the brand that depends on the consumer to be a part of its community.
 Co-creation: Consumers who are actively involved in the creation of a product or
service, and the brand that depends on the consumer to co-create.

Interdependence can be beneficial for both parties, as it can lead to increased brand
loyalty and positive brand attitudes among consumers, and increased sales and success
for the brand. Companies can encourage interdependence by creating opportunities for
consumers to engage with their brand, such as through social media, loyalty programs,
or co-creation initiatives.

Overall, interdependence is a two-way relationship between consumers and brands,
where both parties are mutually dependent on each other for their success. Companies
can use this understanding to create deeper emotional connections with their
customers and increase brand loyalty.


Can you give example?
Sure, here is an example of interdependence:

A consumer who is a loyal fan of a particular sports team and regularly wears the
team's merchandise, such as a jersey or hat, to show their support. They may also
attend games, watch them on TV, and talk to others about the team. They feel a sense
of belonging to the team community and their self-concept is connected to the team.
The sports team is also dependent on the consumer's support, as they purchase
merchandise, attend games, and generate buzz around the team. This helps the team
financially and increases their chances of success on the field.

Another example is a consumer who is an avid supporter of a particular fashion brand,
they have a strong emotional connection with the brand, they may follow the brand on
social media, attend brand events, and may even be a brand ambassador. They view
the brand as a reflection of their personal identity. The fashion brand is also dependent
on the consumer's support and loyalty, as the consumer's purchasing decisions and
positive word-of-mouth help the brand increase its sales and reputation.

In both examples, the consumer and the brand/team are mutually dependent on each
other. The consumer's self-concept is connected to the brand/team, and the brand/team
depends on the consumer's support and loyalty. This interdependence helps both
parties to create a deeper emotional connection and increase their chances of success.


Classifying consumer needs?
Consumer needs can be classified into several categories, including:
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