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Revision (Lecture 1-7)

No. Topics/Concepts Marketing Implications (explain the concept and


relate that to marketing practice) – you must
illustrate your answers by using examples. You
may support your answers using video, etc.
1 Consumer behaviour

2 DMP – Problem recognition - Understanding need recognition may identify a


segment with unsatisfied desires
- new business and product opportunities for the future
- can reveal existing barriers
3 DMP – information search - Adjusting the breadth of a product line based on
consumers’ willingness to search
- Monitoring consumers’ price comparison activities
to gauge their price sensitivity
- Focus promotions on sources that consumers search
most, including individuals that provide information
- Monitor search activities to identify new way store
ach and gain customers
4 DMP – Alternative evaluation

5 DMP – Consumption - Enhance the frequency of consumption (e.g. suggest


new usages of a product)
- Enhance the amount consumed per consumption
occasion (e.g. suggest using the product more
frequently)
- Larger package size
6 DMP – Post-purchase behaviour - Services and products help individuals find and
attract others
- Products are often used as symbols of love and
caring
7 Customer satisfaction - firms may add a new attribute to a product

8 Personal factors – motivation,


beliefs, attitudes, intentions

9 Types of decision making and


extent of problem solving

10. Cultural factors/social class


/family & household structure
Reference group & opinion leaders
Word of Mouth communication

Exposure & Attention

Opinion Formation & Opinion


Change
Shaping Consumers Opinion

Consumer memory
Concepts related to memory

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