LECTURE 5: CONSUMERS AS INDIVIDUALS – THE SELF Self-concept The self-concept refers to the beliefs a person holds about their attributes‚ and how they evaluate these qualities. Components of the self-concept It is composed of many attributes‚ some of which are given greater emphasis when the overall self is being evaluated. Attributes of self-concept can be described along such dimensions as their content (for example‚ facial attractiveness vs. mental aptitude)‚ positivity or negativity
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understand the following concepts Consumer Behaviour Theory- Ordinal Approach and Cardinal Approach Total Utility‚ Marginal Utility‚ Relationship between Total Utility and Marginal Utility Law of Diminishing Marginal Utility Utility Analysis and Consumer Equilibrium- One Good Case and Two Goods Case Consumer- Who is a Consumer? Anyone who purchases and consumes any goods and services for the satisfaction of his/her wants is called a consumer. A consumer spends the money available to him for
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Consumer Generated Advertising in Today’s Marketing World March 29‚ 2011 With the increasing development of technology‚ advertising has changed significantly. These changes force organizations to adapt and embrace new concepts. The traditional way of advertising put all the control in the businesses hands although now this control shifted to the consumers. ‘Consumers are now creating their own ads for the brands they love and hate‚ using inexpensive software and powerful personal computers
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sources After Visit: after visiting HK Disneyland‚ the individual would have had direct experience with the attitude object‚ thus their attitude would be based upon their experience there. (ii) The Affective Component – the emotions and or feelings a consumer associates with a particular brand or product. Prior Visit: assuming that the individual is a fan of rides and an adrenaline rush‚ the affective component would mostly likely involve the feeling of excitement of visiting Disneyland After Visit:
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perception – perception and Marketing Strategy; Motivation – Motivation Theory and Marketing Strategy; Personality and Emotion. Unit – II – Perception – Motivation in Consumer Behavior Consumer Motivation Needs and Motivation • Needs are the essence of the marketing concept. Marketers do not create needs but can make consumers aware of needs. • Motivation is the driving force within individuals that impels them to action. Figure 4.1 Model of the Motivation Process [pic] Types of Needs
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EXECUTIVE SUMMARY Consumer behaviour is the study of how individuals‚ groups and organizations select‚ buy‚ use and dispose of goods‚ services‚ ideas or experiences to satisfy their needs and wants. The emerging costumer trends play an important role in analysing the marketing opportunities. A consumer buying behaviour is influenced by cultural‚ social and personal factors. The consumer passes through five stages of the buying decision process: Problem Recognition‚ Information Search‚ evaluation
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The Reason behind purchase Consumer behaviour is the study of how consumers purchase‚ use and dispose of products (Solomon‚ 2011). The Consumer behaviour model is made up of experiences and acquisitions‚ thus self-concept and life style have a major influence on the behaviour of a consumer since internal and external stimuli directly influence consumer behaviour. Observations were carried out in Tesco’s‚ a British plc. that provides a wide variety of products such as groceries clothing and electronic
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Thesis statement: Innovation and social media made consumers the biggest voice in fashion II. Body A. The power of fashion‚ how it used to be B. Why this position changed C. How it affects: - Consumers - The Producer/Designer D. How it will be in the future III. Conclusion IV. Sources The Rise of Consumer Power Written by Lisa de Vries‚ March 2013 Fashion has‚ for a long time now‚ been one of the world’s most important and powerful
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Jeff Bray Consumer Behaviour Theory: Approaches and Models Consumer Behaviour Theory: Approaches and Models...............................................2 1.1 Consumer behaviour & consumer decision making ............................................2 1.2 Theoretical approaches to the study of consumer behaviour..............................3 1.3 Economic Man .....................................................................................................4 1.4 Psychodynamic Approach
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those critiques. Consumer Involvement Theory There exist many varying theories on consumer involvement and its effect on consumer behaviour. Essentially‚ consumer involvement is ‘a process‚ or processes by which interested and affected individuals are consulted and included in the decision making of an agency‚ planning group or collaborative entity’ (Creighton 1981). In marketing‚ consumer involvement is often equated to perceived product importance. Although ‘consumers’ involvement in products
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