Understanding consumer behaviour requires recognizing its evolving nature shaped by globalization and interactive value creation.
Consumer decisions are complex, influenced by emotional needs and rational evaluation.
Effective marketing hinges on strategically dividing the market, selecting segments, and positioning products to meet specific customer needs.
Segmenting consumers by socio-economic, psychographic, and geographic factors enables precise targeting aligned with diverse consumer profiles.
**V4Mpek
Successful brand strategy example**: Old Spice Repositioning https://www.
Positioning strategies: Approaches that involve identifying competitors, locating products within the market, and utilizing perceptual mapping tools such as spidergram analysis to establish product position.
Mastering positioning and repositioning strategies with product categorization tools is essential for sustaining brand relevance and competitive advantage.
Consumer Segmentation Bases Comparison
| Segmentation Type | Factors Considered |
|---|---|
| Socio-economic | Income, Social Class |
| Psychographic | Personality, Lifestyle, Perceptions, Beliefs |
| Geographic | Location |
| Gendered Marketing | Gender Identity |
| Genderless Marketing | Attitudes towards gender |
Take a 7-question practice quiz on Understanding Consumer Behavior and Positioning, with every answer explained.
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?
Memorize the key concepts of Understanding Consumer Behavior and Positioning with 9 flashcards.
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
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