Wednesday, May 6, 2020
Consumer Behavior - 2178 Words
1. Using the tricomponent attitude model, compare the differences in attitude of consumers towards Kraft Foods versus their attitude towards Vegemite. The tricomponent attitude model is made up of Cognitive, Affective and Conative component. The three components are interrelated and integrate to form an attitude of a person toward any product or service in consumer scenario. Here we are studying how the consumers react to Kraft Food and Vegemite. Cognitive Component Cognition is basically making decisions going through a thinking process. So this thinking process can occur on the basis of knowledge and perceptions that already existed in the consumers minds. The Cognitive Component of attitude is developing a belief based on pastâ⬠¦show more contentâ⬠¦Elements of Consumer learning The basic elements that contribute to an understanding of learning are motivation, cues, response and reinforcement. Consumers will be motivated to learn if the information is relevant to their needs and goals while cues serve to direct consumer drives when they are consistent with consumer expectations. Response is how consumers react or behave to a drive or a cue while reinforcement increases the likelihood a response will occur in the future as a result of a cue. Kraft encouraged consumer input for their new Vegemite product through the ââ¬Å"How do you like your Vegemiteâ⬠and the ââ¬Å"Name me..â⬠campaign. By getting the consumers to be involved, the Australians will feel that they ââ¬Ëownââ¬â¢ the brand which created the sense of belonging. Kraft asked consumers to log on to the website and post their ideas on the different ways they ate the product. Instrumental Conditioning Instrumental Learning theorists believe that learning occurs through a trial and error process in which the positive outcomes in the form of results or desired outcomes lead to repeat behaviour like Repeat Purchase or Repeat Positive Word of Mouth. Both positive and negative reinforcement can be used to encourage the desired behaviour. The timing of repetitions influences how long the learned material is retained. Learning usually persists longer with distributed re-inforcement schedule, while mass repetitions produce more initialShow MoreRelatedConsumer Behavior And Consumer Behaviour715 Words à |à 3 Pages Consumer Behavior Consumer behavior is the study of consumers and the influences they go through to make particular purchasing decisions of products or services available in a market. As a discipline, consumer behavior delves into the dynamics of consumer rationale by evaluating their mindsets on certain items. Therefore, it combines aspects of economics, psychology, marketing and sociology in an attempt to derive a deeper understanding of the behavior of consumers. Moreover, it does not just evaluateRead MoreConsumer Behavior and Marketing: Factors Influencing Consumer Behavior1865 Words à |à 8 PagesConsumer Behavior Marketing In their process of goods and services consumption customers are influenced by different factors that marketers study in order to satisfy customerââ¬â¢s needs. This research made on consumer behavior is important for companies in order to successfully establish their marketing plan, to sell their products or services and also to establish a good relationship with customers. In this paper work the three factors that were chosen to describe the impact on consumer behaviorRead MoreConsumer Behavior And Consumer Behaviour2199 Words à |à 9 PagesConsumer behavior definition Consumer behavior refers to the behavior of consumers when they buy and consume economic goods and services. The behavior during the purchase of goods consists of, the purchase planning, purchase negotiations, the purchase completion, which still has contractual nature, to post purchase behavior is highly variable (Schiffmann Wisenblit, 2015, p. 30-32). The consumer is influenced by the different factors such as: culture, family, peer groups, feelings, attitudes, personalityRead MoreConsumer Behavior And Consumer Behaviour2274 Words à |à 10 PagesIntroduction A consumer is any person that is involved in the process of consumption. They are identified according to the market type to which they belong, namely final and industrial consumers (Solomon, et al., 2013). Understanding the consumer behaviors will aid in appreciating the various market segments and developing strategies for effecting market penetration in these segments. It will also help in identifying market gaps and shape their needs and objectives so as to solve the day-to-day consumerââ¬â¢sRead MoreQuestions On Consumer Behaviour And Consumer Behavior1536 Words à |à 7 Pages2014 SUBMISSION TITLE: Consumer Behaviour PRODUCT: Two Wheeler INDIAN INSTITUTE OF MANAGEMENT LUCKNOW Over the years there has been a shift in the consumer buying behaviour of two wheelers. While cost, fuel efficiency and comfort have been primary influencers throughout, factors such as aesthetics, brand recognition have gained importance in the recent years. Following are the key consumer factors that have witnessed a change over the years: Change in Consumer Behaviour with AffordabilityRead MoreConsumer Traits and behaviors2177 Words à |à 9 Pagesï » ¿ Consumer Traits and behavior Paper Team B Eduardo Becerra, Irinia Gomez, Takeshia Seeden PSY/322 November 4, 2013 Earnest Broussard University of Phoenix Consumer Traits and Behavior Paper Todayââ¬â¢s users are demonstrating a fantastic desire for new services and products. It has created possibilities for users, marketing providers and companies too eventually approve or disapprove latest ideas. For users to help and view their behaviors in making correct decisionsRead MoreConsumer Perception Of Consumer Behavior Essay1488 Words à |à 6 PagesConsumer Perception Consumer behaviours are constructed by their attitudes, and the attitude itself is the result of the consumersââ¬â¢ perception (Fishbein Ajzen, 1975). This construct is explored in the Theory of Reasoned Action, where Fishbein and Ajzen (1975) state this in regards to attitude-behaviour relationships. When it comes to greenwashing, research has found that this attitude-behaviour relationship could manipulate the perception of the consumer. The consumer perceptions when it comesRead MoreQuestions On Consumer Behaviour And Consumer Behavior2064 Words à |à 9 Pages1. Introduction 1.1 Why do marketers need to understand consumer behaviour? Marketers need to understand consumer behaviour in order to know what the consumer wants from a product. This is because different types of people will want different things from the products they buy; for example, an older, married couple will have different needs and wants to a young couple. Marketers also need to understand the behaviour of consumers to design and construct the best marketing approach to capture the chosenRead MoreConsumer Behavior And The Digital World1302 Words à |à 6 PagesConsumer Behaviour in a Digital World Introduction Consumer behaviour reflects the acquisition, consumption, and disposition of goods, services, time ideas made by decision making units (textbook). It involves many people and many decisions. The digital world significantly impacts consumer behaviours in each stage. It serves customers with more offers and provides them new consumption patterns, which are more fabulous and convenient. To marketers, these changes can be good opportunities but alsoRead MoreConsumer Behavior Case Study1274 Words à |à 6 PagesConsumer behavior case study Introduction of the company HSBCà Bankà UKà isà aà publicà limitedà companyà thatà isà headquarteredà inà London,à England.à Theà HSBCà wasà foundedà inà Hongà Kong,à China,à butà wasà forcedà toà moveà toà Londonà inà 1992. Accordingà toà Forbesà Magazine,à HSBCà Bankà isà theà largestà bankingà groupà inà theà world.à Also,à Forbesà Magazineà statedà thatà theà bankà isà theà sixthà largestà companyà inà theà world. HSBCà Bankà hasà manyà locationsà allà overà theà world;à aà significantà numberà ofà theà locationsà areà withinà Asia
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.