Introduction To Consumer Behaviour-Chap 01
Introduction To Consumer Behaviour-Chap 01
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Chapter Overview:
This course provides an introduction to the study of consumer
behavior - how and why individuals, groups, and organizations
select, purchase, use, and dispose of goods, services, ideas, or
experiences to satisfy their needs and desires. We will explore the
internal and external factors that influence consumer decision-
making, including personality, motivation, perception, learning,
attitudes, reference groups, and culture. Understanding consumer
behavior is crucial for developing effective marketing strategies,
product design, and communication campaigns.
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mix elements
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to fulfill them
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4.Law of demand:
✓ As the price of a product increases, the quantity demanded of
that product decreases, and vice versa
✓ Consumers will buy more of a product when the price is lower
and less when the price is higher
5.Consumer equilibrium:
✓ Consumers reach equilibrium when they have allocated their
limited budgets to maximize their total utility
✓ This occurs when the marginal utility per dollar spent is equal
across all products 31
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decision-making
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3.Symbolic consumption:
✓ Consumers often use products and brands to express their
identity, social status, and belonging to particular social
groups
✓ Consumption becomes a means of communicating one's self-
image and social position 38
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5.Consumer acculturation:
✓ Individuals who migrate to a new cultural environment may
go through a process of acculturation, adjusting their
consumption patterns and preferences to align with the new
cultural norms 39
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1.Interviews:
✓ In-depth, one-on-one interviews with consumers to
understand their thoughts, feelings, and behaviors in-depth
✓ Can be structured, semi-structured, or unstructured,
depending on the research objectives
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2.Focus groups:
✓ Facilitated group discussions with a small number of
consumers, typically 6-10 participants
✓ Allows for the exploration of group dynamics, social
influences, and shared experiences
3.Ethnography:
✓ Immersive, long-term observation and participation in the
natural environments and contexts of consumers
✓ Researchers embed themselves within the consumer's world
to gain a deep, holistic understanding of their behaviors and
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consumption practices
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4.Projective techniques:
✓ Indirect methods that encourage consumers to project their
thoughts, feelings, and associations onto ambiguous stimuli,
such as images or vague questions
✓ Can uncover underlying, subconscious motivations and
perceptions
5.Diary studies:
✓ Consumers record their experiences, thoughts, and behaviors
over an extended period, providing rich, first-hand accounts
of their consumption activities 47
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1.Surveys:
✓ Structured questionnaires administered to a sample of
consumers to gather data on their attitudes, beliefs,
behaviors, and demographics
✓ Can be conducted online, by phone, or in-person
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real-time
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5.Econometric modeling:
✓ The use of statistical and mathematical models to analyze
consumer behavior and predict future trends, often
incorporating economic factors
Quantitative methods provide numerical data and statistical insights
that can be used to test theories, measure the effectiveness of
marketing strategies, and make data-driven decisions in consumer
behavior research. 51
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1.Triangulation:
✓ Using multiple methods to study the same phenomenon
from different angles, enhancing the validity and reliability of
the findings
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4.Mixed-methods designs:
✓ Researchers can employ a combination of qualitative and
quantitative techniques within a single study, such as
conducting interviews and surveys, or using ethnographic
observations and experiments
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