Assignments
Assignments
Assignments
ASSIGNMENT SET 1
Q1. ELUCIDATE THE ROLE OF CONSUMER BEHAVIOUR IN MARKETING.
Ans: Consumer behavior is the study of how people make decisions and carry out actions
linked to buying, utilizing, and discarding goods, services, ideas, or experiences to fulfill their
needs and desires.
In order to create communication techniques for marketing that effectively connect with the
target audience, consumer behavior is essential. Organizations can design marketing
messages and content that are relevant to and enticing to consumers by taking into account
the preferences, motives, and behavior of their target market.
• Personal: The person's distinctive qualities, such as their personal characteristics, views,
motives, and way of life, have an impact on their purchasing habits as their own tastes and
opinions have a big impact on the things they decide to spend money on.
• Social: Customers are impacted by the thoughts, advice, and actions of those in their social
network and social elements like relatives, close companions, peer groups, and cultural
standards have an impact on consumer behavior.
• Dynamic: Various internal as well as external variables, especially a person's requirements,
customs of society, traditional and societal factors, and financial situations, constantly change
consumer behavior, making it dynamic. It is a constantly evolving procedure since customer
preferences, mindsets, and behaviors can change over the course of time.
• Psychological: Understanding memory, comprehension, incentive, and mindsets are just a
few examples of the psychological aspects. Their market behaviors are also influenced by
previous knowledge, recollection, and circumstances they face while using the goods or
services.
• complicated: The decision-making process is complicated as well as multifaceted since it
might incorporate psychological, mental, and behavioral components. Before making the
decision to buy, consumers balance many aspects, take into account a variety of qualities, and
examine a number of options.
Cultural: Cultural elements such as cultural standards, principles, customs, and values have
an impact on consumer behavior. Culture has a huge impact on purchasing choices because it
impacts customers' tastes, mindsets, and behaviors regarding goods and services.
• Contextual: The setting in which a customer finds themselves affects their behavior.
Consumer behavior can be affected by elements including dynamic context, circumstances at
hand, time restraints, and buying occasion. For instance, a consumer's behavior may vary
depending on whether they are buying groceries on a regular basis or something expensive
for a particular occasion.
ASSIGNMENT SET 2
Q4. EXPLAIN THE CONSUMER BUYING PROCESS.
Q5. WRITE SHORT NOTES ON THE FOLLOWING:
A. CUSTOMER
B. WORD OF MOUTH
Q6. DISCUSS THE HOWARD-SHETH MODEL OF CONSUMER DECISION MAKING
PROCESS.