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Lecture notes

consumer behaviour

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Marketing Management involves the planning, execution, and oversight of activities that deliver value to customers while achieving organizational objectives. It encompasses analyzing market opportunities, selecting target markets, and developing effective marketing mixes—product, price, place, and promotion. A key focus is on building strong customer relationships and adapting strategies in response to market trends and competitive dynamics. By integrating consumer insights and innovative thinking, marketing management ensures that businesses can effectively position their offerings and sustain long-term growth.

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Lecture 2

Consumer behaviour

What is consumer behaviour
- Understanding why individuals act in certain ways
- Identify what individuals want
o Products/services ect
o How they want to be spoken to
- Influence behaviour in certain situations
- (risky relationship)

“Fascism. Communism. Democracy. Religion. But only one has achieved total supremacy. Its
compulsive attractions rob its followers of reason and good sense. It has created
unsustainable inequalities and threatened to tear apart the very fabric of our society. More
powerful than any cause or even religion, it has reached into every corner of the globe. It is
consumerism.”
- Jonathon Porritt, environmental campaigner

A continuum of decision behaviour

, The consumer decision making process model




Maslow’s Hierarchy of Needs
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