Understanding Consumer Behavior and Positioning

From the study guide

Course Outline

  1. Definition and changing context of consumer behaviour
  2. Consumer decision-making process and emotional influences
  3. Market segmentation, targeting, and positioning concepts
  4. Consumer segmentation bases including socio-economic and psychographic factors
  5. Positioning strategies, product categorization, and brand repositioning examples

1. Definition and changing context of consumer behaviour

Key Concepts & Definitions

  • Consumer behaviour: The study of processes involved when individuals or groups select, purchase, use, or dispose of products, services, ideas, or experiences to satisfy needs and desires.

Essential Points

  • The changing context of consumer behaviour includes increased exposure to global corporations’ marketing efforts and the use of social media.
  • Global consumer culture influences consumer behaviour by integrating worldwide marketing and consumption patterns.

Key Takeaway

Understanding consumer behaviour requires recognizing its evolving nature shaped by globalization and interactive value creation.

2. Consumer decision-making process and emotional influences

Key Concepts & Definitions

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Practice quiz preview

1. What causes the changing context of consumer behaviour according to the source?

2. What effect do emotions have on consumer evaluation of alternatives in the decision-making process?

3. What is consumer behaviour?

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Flashcard preview

Consumer behaviour — definition?

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

Decision-making — emotional influence?

Emotions significantly impact evaluation and impulse buying.

Consumer behaviour — definition?

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

Global consumer culture — influence?

Influences consumer behaviour via worldwide marketing and consumption patterns

Decision-making stage — need recognition?

Awareness of functional, emotional, or psychological needs

Internal vs external search — difference?

Memory versus outside sources for information evaluation

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Frequently asked questions

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

It covers the core concepts of Understanding Consumer Behavior and Positioning, organized by topic with the key definitions, explanations and takeaways, so it's easier to learn and remember.

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

The practice quiz has 7 multiple-choice questions, each with an explanation. Use it to check what you know and find your gaps.

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How do I study Understanding Consumer Behavior and Positioning with flashcards?

There are 9 flashcards on Understanding Consumer Behavior and Positioning, with a question on the front and the answer on the back. Try to recall each answer before you flip, and let spaced repetition bring back the ones you miss.

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