CONSUMER BEHAVIOR A COURSE TO STUDY 1-1 SOME BASICS: 1-2 What is Consumer Behavior? “The processes involved when individuals or groups select, purchase, use, or dispose of products, services, ideas, or experiences to satisfy needs.” (Michael Soloman) Copyright © 2017 Pearson Education, Inc. 1-3 Stages in the Consumption Process Copyright © 2017 Pearson Education, Inc. 1-4 CAN MARKETING CREATE NEED? Copyright © 2013 Pearson Education, Inc. publishing as Prentice Hall 1-5 Segmenting Consumers: 1-6 Consumers Are Different • Heavy Users • 80/20 Rule 1-7 Popular Culture • Music • Movies • Sports • Books • Celebrities • Entertainment Copyright © 2017 Pearson Education, Inc. Marketers influence preferences for movie and music heroes, fashions, food, and decorating choices. 1-8 Consumer-Brand Relationships • Consumer-Brand Relationships • Self-concept attachment – Iphone, Samsung, Nike • Nostalgic attachment – Bio Amla, Habib Cooking oil • Interdependence – shampoos, soaps • Love – AXE , chocolate We find that consumers may develop relationships with brands over time. Self-concept attachment means that the product helps to establish the user’s identity. Nostalgic attachment means the product serves as a link to the consumer’s past. Interdependence means that the product is a part of the user’s daily routine. Love means that the product elicits emotional bonds of warmth, passion, or other strong emotion. Copyright © 2017 Pearson Education, Inc. 1-9 Learning Objective 4 Our motivations to consume are complex and varied. Copyright © 2017 Pearson Education, Inc. 1-10 Learning Objective 5 Technology and culture create a new “always on” consumer. Copyright © 2017 Pearson Education, Inc. 1-11 The Digital Native: Living a Social [Media] Life • B2C e-commerce • C2C e-commerce • Digital Native • Synchronous interactions (text chat) • Asynchronous interactions (queries portals) Copyright © 2017 Pearson Education, Inc. 1-12 For Reflection • How has your daily life changed because of social media? • What does your virtual life look like? Copyright © 2017 Pearson Education, Inc. 1-13 Disciplines in Consumer Research Copyright © 2017 Pearson Education, Inc. 1-14