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Marketing 2nd Edition Hunt Solutions Manual 1
Marketing 2nd Edition Hunt Solutions Manual 1
Marketing 2nd Edition Hunt Solutions Manual 1
Use this worksheet as a guide to answer your social media application questions as a group.
1 Social Media Application Worksheet: Chapters 4–7 | Hunt/Mello/Deitz: Marketing 2e © 2018 McGraw Hill Companies
SOCIAL MEDIA APPLICATION WORKSHEET: CHAPTERS 4–7 Hunt/Mello/Deitz: Marketing 2e
Responses:
Key concepts in the chapter to reference:
• Understanding Consumer Behavior
o Traditional Perspectives on Consumer Decision Making
o Inside Buyers’ Brains
▪ Thinking, Fast and Slow
• Consumer Decision-Making Processes
o Problem Recognition
o Information Search
▪ Sources of Information
▪ The Internet, Social Media Marketing, and
Information Search
o Evaluating Alternatives
▪ Marketing Tactics for Influencing Buyer
Evaluations
o Outlet Selection and Purchase
▪ Unplanned Purchases
▪ Stockouts
▪ Credit Cards and Mobile Payment Systems
o Post-Purchase Evaluation
• Cultural and Social Influences on Consumer Behavior
o Culture
▪ Differences in National Cultures
▪ Subcultures
▪ Country-of-Origin Effects
o Social Factors
▪ Family Influences
• The Family Life Cycle
• Children’s Influence on Family
Purchases
▪ Reference Groups
▪ Opinion Leaders
• Individual Influences on Consumer Behavior
o Personality
o Lifestyle
o Values
• Psychological Influences on Consumer Behavior
o Perception
▪ Sensory Marketing
o Motivation
▪ Physiological Needs
▪ Safety Needs
▪ Love and Belonging
▪ Esteem
▪ Self-Actualization
o Attitudes
▪ Affective Dimension of Attitudes
▪ Behavioral Dimension of Attitudes
▪ Cognitive Dimension of Attitudes
o Learning
• Situational Influences on Consumer Behavior
o Time
o Involvement
▪ Low-Involvement Buying Decisions
▪ High-Involvement Buying Decisions
• Business-to-Business Marketing
o Professional Purchasing
o Derived Demand
o Fewer Buyers, Larger Purchases
• Types of Business Customers
o Producers
▪ North American Industry Classification System
o Reseller Markets
o Government Markets
o Institutional Markets
2 Social Media Application Worksheet: Chapters 4–7 | Hunt/Mello/Deitz: Marketing 2e © 2018 McGraw Hill Companies
SOCIAL MEDIA APPLICATION WORKSHEET: CHAPTERS 4–7 Hunt/Mello/Deitz: Marketing 2e
3 Social Media Application Worksheet: Chapters 4–7 | Hunt/Mello/Deitz: Marketing 2e © 2018 McGraw Hill Companies
SOCIAL MEDIA APPLICATION WORKSHEET: CHAPTERS 4–7 Hunt/Mello/Deitz: Marketing 2e
4 Social Media Application Worksheet: Chapters 4–7 | Hunt/Mello/Deitz: Marketing 2e © 2018 McGraw Hill Companies
SOCIAL MEDIA APPLICATION WORKSHEET: CHAPTERS 4–7 Hunt/Mello/Deitz: Marketing 2e
Select a product that you like and that you would enjoy
marketing. This could be a type of car, cell phone,
restaurant, or other product. Segment the market for
this product using the following questions and activities
as a guide:
5 Social Media Application Worksheet: Chapters 4–7 | Hunt/Mello/Deitz: Marketing 2e © 2018 McGraw Hill Companies
SOCIAL MEDIA APPLICATION WORKSHEET: CHAPTERS 4–7 Hunt/Mello/Deitz: Marketing 2e
o Demographic Segmentation
▪ Age
▪ Gender
▪ Income
▪ Marital Status and Family Size
o Geographic Segmentation
▪ Market Size
▪ Customer Convenience
▪ Population Shifts
o Psychographic Segmentation
▪ Lifestyle
▪ VALS Network
o Behavioral Segmentation
o Business-to-Business Segmentation Bases
▪ B2B Demographic Segmentation
▪ B2B Geographic Segmentation
▪ B2B Behavioral Segmentation
o The Role of Social Media in Market Segmentation
• International Market Segmentation
o International Segmentation Bases
o International Market Segments and the Marketing Mix
• Selecting Target Markets
o Factors in Selecting Target Markets
▪ Growth Potential
▪ Level of Competition
▪ Strategic Fit
o Target Marketing Analytics
• Target Marketing Strategies
o Undifferentiated Targeting
o Differentiated Targeting
o Niche Marketing
• Ethical Issues in Target Marketing
• Market Positioning
o Steps in Market Positioning
▪ Step 1: Analyze Competitors’ Positions
▪ Step 2: Clearly Define Your Competitive
Advantage
▪ Step 3:Evaluate Feedback
o Positioning Statement
o Repositioning
▪ Repositioning and the Marketing Mix
▪ Repositioning the Competition
6 Social Media Application Worksheet: Chapters 4–7 | Hunt/Mello/Deitz: Marketing 2e © 2018 McGraw Hill Companies