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Consumer behavior - summary of chapter 1-7

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This is a complete summary for the first intermediate test of the Consumer & Marketing course (323623-B-6). The summary contains chapters 1-7, and is 36 pages in total

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Summarized whole book?
No
Which chapters are summarized?
Hoofdstuk 1 t/m 7
Uploaded on
February 22, 2021
Number of pages
37
Written in
2020/2021
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Summary

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2020/2021

,Inhoudsopgave
DEEL I - BOEK................................................................................................................................................3
Chapter 1: An introduction to consumer behavior.......................................................................................3
Chapter 2: Consumer well-being..................................................................................................................7
Chapter 3: Perception.................................................................................................................................10
Chapter 4: Learning and Memory...............................................................................................................16
Chapter 5: Motivation and Affect...............................................................................................................22
Chapter 6: The Self: Mind, Gender, and Body............................................................................................27
Chapter 7: Personality, Lifestyles and Values.............................................................................................30

,DEEL I - BOEK
Stof tussentoets 1: Chapters 1-7

Chapter 1: An introduction to consumer behavior
Introduction
Marketers find it useful to categorize consumers in terms of age, gender, income or
occupation  demographics -or- descriptive characteristics of a population
The use of market segmentation strategies means an organizations targets is
product only to specific groups of consumers.
In consumption communities, members share opinions and recommendations about
something. The members of the group use the same products and therefore,
bonds are created with fellow group members. There is also pressure on each group
member to buy things that will meet with the group’s approval, out of fear for
rejection.

What is consumer behavior?
Consumer behavior is a process

“It is the study of the processes involved when individuals or groups select,
purchase, use or dispose of products, services, ideas, or experiences to satisfy
needs and desires”

Important component of consumer behavior: the exchange
 A transaction in which two or more organizations or people give and receive
something of value

Consumer = a person who identifies a need or desire, makes a purchase, and then
disposes of the product during the three stages of the consumption process
 Organizations exist to satisfy consumer needs

How to divide consumers up?
Marketers have to understand the wants and needs of different consumer segments
It is important to identify distinct market segments and to develop specialized
messages and products for those groups

Some dimensions to divide up a larger market
Heavy users: the most faithful customers of a certain
company
 80/20 Rule: 20 percent of users account for 80 percent of
sales

Demographics: measure observable aspects of a population;
The most important demographics are:
 Age
 Gender

,  Family structure
 Social class and Income
 Race and Ethnicity
 Geography
 Lifestyles

Two other types of marketing
 Relationship marketing : building relationships between brands and
customers that will last a lifetime; interacting with consumers on a regular
basis and maintain a bond with the company
 Database marketing: tracking of specific consumer buying habits to explore
customers’ wants and needs

Marketing’s impact on consumers
Our choices as consumers relate in powerful ways to the rest of our lives.

Role theory takes the view that much of consumer behavior resembles actions in a
play: we as consumers seek the lines, props, and costumes necessary to put on a
good performance.
It is important for marketers to provide each of us “actors” with the props we need
to play all our varied roles, such as “geek” or “hipster”

Some of the types of relationships a person might have with a product:
 Self-concept attachment = the product helps to establish the user’s identity
 Nostalgic attachment = the product serves as a link with a past self
 Interdependence = the product is a part of the user’s daily routine
 Love = the product elicits emotional bonds of warmth,
passion,
or other strong emotions

What does it mean to consume?
Our motivations to consume are complex and varied

People often buy products not for what they do, but for what they mean; roles
products play in our lives extend well beyond the tasks they perform

We choose the brand that has an image consistent with our underlying needs
 Brand images: meanings of a brand that have been carefully crafted with
marketing, commercials and other branding strategies

Needs vs. wants

Need = something a person must have to live or achieve a goal
(e.g. hunger)
Want = a specific manifestation of a need that personal and
cultural factors determine (e.g. Big Mac)



The global “always-on” consumer

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