Exam 1: Understanding Consumer Behavior
What is target market selection and how does consumer behavior impact it?
Target market selection is the process of identifying and evaluating potential customer segments that a company wants to focus its marketing efforts on. This involves analyzing various factors such as demographics, psychographics, behavior, and geographic location to determine which groups of consumers are most likely to be interested in and purchase a company's products or services.
Consumer behavior plays a crucial role in target market selection as it directly impacts the way companies identify and appeal to their target audience. By understanding consumer behavior, companies can tailor their marketing strategies to better meet the needs and preferences of their target market. For example, if a company's target market consists of environmentally conscious consumers, they may focus on promoting the eco-friendly aspects of their products to appeal to this specific consumer behavior.
Additionally, consumer behavior can also influence the way companies position their products or services in the market. By understanding the motivations, attitudes, and purchasing habits of their target market, companies can develop more effective marketing messages and strategies that resonate with their audience.
In conclusion, target market selection is a critical aspect of marketing strategy, and consumer behavior plays a significant role in shaping how companies identify and appeal to their target market. By understanding consumer behavior, companies can better tailor their marketing efforts to effectively reach and engage their desired audience.
Curtis collects Pepsi and Coke bottles.He also uses old cola to clean the rust off his car.These are two examples of how to
B
Studying this type of consumer behavior allows marketers to provide a need for customers who are concerned about what to do with a product after usage.
B
Jim had a group of people to which he always compared himself for information about life,what to buy,who to date,etc.These people can be best thought of as a(n)
Spreading negative word-of-mouth is an example of how consumers' usage of a product
The "orange juice isn't just for breakfast anymore" campaign is an example of
Baby shampoo advertising that includes adults using the product may help increase sales by suggesting the consumer
Disposable cameras were a flop at first.Consumers doubted that they could take good pictures.When disposable cameras were repositioned "for those who forgot their camera on vacation" or "for those who do not want to ruin their expensive camera on the beach or slopes" sales increased.This could be best thought of as a successful example of marketers understanding
A consumer wants to purchase a new automobile because hers got stolen.This consumer probably has a high level of
Broad themes that affect acquisition,usage,and disposition decisions are: the psychological core,the process of making decisions,the consumer's culture,and consumer behavior outcomes.
How do motivation,ability,and opportunity impact the consumer decision-making process?
Can the distribution channel affect the perception of a product? In what way? Give an illustration.
Sometimes there are many people involved in an acquisition decision and they may take on different roles.Russell and his family are buying a new big-screen television.He has research different brands,models and prices of televisions from the Internet.Russell's role in the group decision would be the role of the ____.
What is a high-effort judgment and decision-making process and how does it affect other factors such as motivation,ability,and opportunity?
Consumer behavior involves more than how a person buys products like laundry detergent,breakfast cereal,personal computers,and automobiles.Explain this comment.
Diet Coke had a makeover; its new cans are redesigned for the first time since its product launch.Its wavy spirit and style implies that Coca-Cola thinks the bottle will attract consumers' attention and might bring back favorable memories of the 1960s,with its hip retro vibe.This is an example of how consumer behavior can
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