Understanding Consumer Behavior and Market Positioning

From the study guide

Course Outline

  1. Definition and scope of consumer behaviour
  2. Changing global context of consumer behaviour
  3. Consumer decision-making process and need recognition
  4. Online consumer behaviour and digital marketing tactics
  5. Market disaggregation, segmentation, targeting, and positioning concepts
  6. Bases for consumer segmentation including socio-economic, geographic, psychographic, and gendered marketing
  7. Target marketing strategies: undifferentiated, differentiated, focused, customized
  8. The 4-Cs framework and strategic product positioning
  9. Product positioning tools and competitor analysis
  10. Repositioning strategies and successful brand examples

1. Definition and scope of consumer behaviour

Key Concepts & Definitions

  • Needs and desires: Motivational factors that drive consumers to seek products, services, or experiences to fulfill their functional or emotional requirements.
  • Need: A fundamental requirement that motivates consumer actions, which can be functional or emotional in nature.

Essential Points

  • Consumer behaviour involves both individual and group decision-making processes.
  • The scope includes all activities related to satisfying functional and emotional needs through consumption.

Key Takeaway

Consumer behaviour involves both individual and group decision-making processes.

2. Changing global context of consumer behaviour

Key Concepts & Definitions

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Practice quiz preview

1. What is the primary role of consumer behaviour in the context of consumption?

2. What is a direct effect of increased exposure to global corporations' marketing efforts on consumers?

3. What is the primary role of need recognition in the consumer decision-making process?

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Flashcard preview

Consumer behaviour — definition?

Study of processes when individuals/groups select, purchase, use, dispose.

Scope of consumer behaviour?

All activities satisfying needs/desires through consumption.

Global consumer culture — role?

Shapes preferences via shared values and norms across countries.

Need recognition — trigger?

Awareness of a gap between current and desired state.

Online consumer behaviour tactics?

Digital tracking, virtual aisles, SEO, pop-ups, digital cues.

Market disaggregation — purpose?

Analyzing individual customer characteristics.

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Frequently asked questions

What does the Understanding Consumer Behavior and Market Positioning study guide cover?

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How many questions are in the Understanding Consumer Behavior and Market Positioning quiz?

The practice quiz has 10 multiple-choice questions, each with an explanation. Use it to check what you know and find your gaps.

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