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1 Buying, Having, Being 1- - PowerPoint Presentation

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1 Buying, Having, Being 1- - PPT Presentation

1 Copyright 2015 Pearson Education Inc publishing as Prentice Hall CONSUMER BEHAVIOR 11e Michael R Solomon Chapter Objectives Consumer behavior is a process Marketers need to understand the wants and needs of different consumer segments ID: 643956

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Slide1

1Buying, Having, Being

1-1

Copyright © 2015 Pearson Education, Inc. publishing as Prentice Hall

CONSUMER BEHAVIOR, 11eMichael R. SolomonSlide2

Chapter Objectives

Consumer behavior is a process.Marketers need to understand the wants and needs of different consumer segments.

Our choices as consumers relate in powerful ways to the rest of our lives.

Our motivations to consume are complex and varied. 1-2

Copyright © 2015 Pearson Education, Inc. publishing as Prentice HallSlide3

1-3

Copyright © 2015 Pearson Education, Inc. publishing as Prentice Hall

Chapter Objectives (Cont.)

Technology and culture create a new “always on” consumer.Many different types of specialists study consumer behavior.There are differing perspectives regarding how and what we should understand about consumer behavior.Slide4

1-4

Copyright © 2015 Pearson Education, Inc. publishing as Prentice Hall

Learning Objective 1

Consumer behavior is a process.Slide5

1-5

Copyright © 2015 Pearson Education, Inc. publishing as Prentice Hall

What is Consumer Behavior?

Consumer behavior: the study of the processes involved when individuals or groups select, purchase, use, or dispose of products, services, ideas, or experiences to satisfy needs and desires.Slide6

1-6

Copyright © 2015 Pearson Education, Inc. publishing as Prentice Hall

Figure 1.1 Stages in the Consumption ProcessSlide7

For Reflection

How do you decide that you need a product?What about a purchase makes it pleasant or stressful for you?When using the product, what determines if the experience is pleasant?

1-7

Copyright © 2015 Pearson Education, Inc. publishing as Prentice HallSlide8

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Copyright © 2015 Pearson Education, Inc. publishing as Prentice Hall

Learning Objective 2

Marketers have to understand the wants and needs of different consumer segments. Slide9

1-9

Copyright © 2015 Pearson Education, Inc. publishing as Prentice Hall

Segmenting Consumers: Demographics

Demographics: Age Gender Family structure Social class/income

Race/ethnicity

GeographySlide10

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Copyright © 2015 Pearson Education, Inc. publishing as Prentice Hall

Redneck Bank Targets by Social ClassSlide11

Big Data

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Copyright © 2015 Pearson Education, Inc. publishing as Prentice HallSlide12

1-12

Copyright © 2015 Pearson Education, Inc. publishing as Prentice Hall

Learning Objective 3

Our choices as consumers relate in powerful ways to the rest of our lives.Slide13

1-13

Copyright © 2015 Pearson Education, Inc. publishing as Prentice Hall

Popular Culture

MusicMoviesSportsBooksCelebritiesEntertainmentMarketers influence preferences for movie and music heroes, fashions, food, and decorating choices.Slide14

Consumer-Brand Relationships

Self-concept attachmentNostalgic attachmentInterdependenceLove

1-14

Copyright © 2015 Pearson Education, Inc. publishing as Prentice HallSlide15

For Reflection

What kind of relationship do you have with your car? Do these feelings correspond to the types of relationships consumers may develop with products? How do these relationships affect your behavior?

1-15

Copyright © 2015 Pearson Education, Inc. publishing as Prentice HallSlide16

1-16

Copyright © 2015 Pearson Education, Inc. publishing as Prentice Hall

Learning Objective 4

Our motivations to consume are complex and varied.Slide17

Classifying Consumer Needs

Need for affiliationNeed for powerNeed for uniqueness

1-17

Copyright © 2015 Pearson Education, Inc. publishing as Prentice HallSlide18

Figure 1.2 Maslow’s Hierarchy of Needs

1-18

Copyright © 2015 Pearson Education, Inc. publishing as Prentice HallSlide19

For Reflection

Which levels of the hierarchy do you experience most often as a consumer?1-

19Copyright © 2015 Pearson Education, Inc. publishing as Prentice HallSlide20

Learning Objective 5

Technology and culture create a new “always on” consumer.1-

20

Copyright © 2015 Pearson Education, Inc. publishing as Prentice HallSlide21

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Copyright © 2015 Pearson Education, Inc. publishing as Prentice Hall

Learning Objective 6

Many specialists study consumer behavior.

Disciplinary Focus

Product Role

Experimental Psychology

Perception, learning, and memory processes

Clinical Psychology

Psychological adjustment

Human Ecology

Allocation of individual or family resources

Social Psychology

Behavior of individuals as members of social groups

Sociology

Social institutions and group relationships

Macroeconomics

Consumers’ relations with the marketplace

Demography

Measurable characteristics of a population

History

Societal changes over time

Cultural Anthropology

Society’s beliefs and practicesSlide22

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Copyright © 2015 Pearson Education, Inc. publishing as Prentice Hall

Experimental Psych

Clinical PsychologyDevelopmental PsychHuman EcologyMicroeconomics

Social Psychology

Sociology

Macroeconomics

Semiotics/Literary Criticism

Demography

History

Cultural Anthropology

Figure 1.3 Disciplines in

Consumer Research

MICRO CONSUMER BEHAVIOR

(INDIVIDUAL FOCUS)

MACRO CONSUMER

BEHAVIOR

(SOCIAL FOCUS)

Consumer behavior

involves many different

disciplinesSlide23

For Reflection

Pick two of the disciplines shown in Figure 1.3. How would their approaches to the same marketing issue differ?1-

23

Copyright © 2015 Pearson Education, Inc. publishing as Prentice HallSlide24

Learning Objective 7

There are differing perspectives regarding how and what we should understand about consumer behavior:Positivist approachInterpretivist approach

1-24

Copyright © 2015 Pearson Education, Inc. publishing as Prentice HallSlide25

1-25

Copyright © 2015 Pearson Education, Inc. publishing as Prentice Hall

Table 1.2 Positivist versus Interpretivist Approaches

Assumptions

Positivist Approach

Interpretivist Approach

Nature of reality

Objective, tangible

Single

Socially constructed

Multiple

Goal

Prediction

Understanding

Knowledge generated

Time free

Context-independent

Time-bound

Contest dependent

View of causality

Existence of real causes

Multiple, simultaneous shaping events

Research relationship

Separation between researcher and subject

Interactive, cooperative with researcher being part of phenomenon under studySlide26

For Reflection

How do you think the two paradigms of consumer research affect the choices marketers make in targeting consumer segments?1-

26

Copyright © 2015 Pearson Education, Inc. publishing as Prentice HallSlide27

For Review

Consumer behavior is a process.Marketers need to understand the wants and needs of different consumer segments.

Our choices as consumers relate in powerful ways to the rest of our lives.

Our motivations to consume are complex and varied. 1-27Copyright © 2015 Pearson Education, Inc. publishing as Prentice HallSlide28

For Review

Technology and culture create a new “always on” consumer.Many different types of specialists study consumer behavior.

There are differing perspectives regarding how and what we should understand about consumer behavior.

1-28Copyright © 2015 Pearson Education, Inc. publishing as Prentice Hall