Professional Documents
Culture Documents
Consumer Behaviour
Consumer Behaviour
PART I: INTRODUCTION
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CHAPTER 1
CONSUMER
BEHAVIOR AND
MARKETING
STRATEGY
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Consumer Behavior In The News…
Segmenting the Automobile Market
J.D. Powers Examined Car-Buyer Segments.
Can You Predict the Market for Each Brand?
Honda Civic
Honda Accord
Toyota Sienna Mini Van
Cadillac STS
Lexus LS 430
Source: D. Kiley, “Sexy or Sensible?” Business Week, January 16, 2006, p. 60-61.
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Consumer Behavior In The News…
Segmenting the Automobile Market
J.D. Powers Examined Car-Buyer Segments.
Can You Predict the Market for Each Brand?
Honda Civic – “teenage terror”
Honda Accord – “recent MBA grad”
Toyota Sienna Mini Van – “suburban mom”
Cadillac STS – “mid-career executive”
Lexus LS 430 – “titan of industry”
Source: D. Kiley, “Sexy or Sensible?” Business Week, January 16, 2006, p. 60-61.
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Consumer Behavior and Marketing
Strategy
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Applications of Consumer Behavior
1. Marketing Strategy
2. Regulatory Policy
3. Social Marketing
4. Informed Individuals
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Applications of Consumer Behavior
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Marketing Strategy and Consumer Behavior
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Market Analysis Components
1. The Consumers
2. The Company
3. The Competitors
4. The Conditions
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Market Segmentation
Market segmentation
is a portion of a larger
market whose needs
differ from the larger
market.
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Market Segmentation
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Market Segmentation
Market Segment Attractiveness Worksheet
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Marketing Strategy
Marketing Strategy is the answer to the question:
How will we provide superior customer value to our
target market?
This requires the formulation of a consistent
marketing mix,
mix which includes the
1. Product
2. Price
3. Communications
4. Distribution,
Distribution and
5. Services
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Video Application
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NOTE:
Slides with video clips will
be available on the full version
located on the Instructor’s CD-ROM.
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Consumer Decisions
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Outcomes
1. Firm Outcomes
2. Individual Outcomes
3. Society Outcomes
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Outcomes
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The Nature of Consumer Behavior
Overall Conceptual Model of Consumer Behavior
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The Nature of Consumer Behavior
External Influences
The following are the major external
influences:
• Culture
• Demographics and social stratification
• Ethnic, religious, and regional subcultures
• Families and households
• Groups
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The Nature of Consumer Behavior
Internal Influences
Internal influences include:
• Perception
• Learning
• Memory
• Motives
• Personality
•Emotions
•Attitudes
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The Nature of Consumer Behavior
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The Nature of Consumer Behavior