2. Discuss and Evaluate the Importance of Two Individual Determinants At Each Stage of the Consumption Process For Marketing Manager’s Understanding of Consumer Behaviour.

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2. DISCUSS AND EVALUATE THE IMPORTANCE OF TWO INDIVIDUAL DETERMINANTS AT EACH STAGE OF THE CONSUMPTION PROCESS FOR MARKETING MANAGER’S UNDERSTANDING OF CONSUMER BEHAVIOUR.

Consumer behaviour is a very important study from a number of different points of view. From the perspective of marketing, the study of consumer behaviour is important in helping to forecast and understand consumer demand for products as well as brand differences. It is an important topic for business marketing managers because achieving marketing objectives depends on knowing, serving, and influencing consumers. So the study of consumer behaviour is heavily stimulated by the needs of the marketing function since knowledge of consumer behaviour is essential for marketing management.

As illustrated in the diagram below, the consumption process consists of five

stages; orientation, purchase, brand choice and product use and disposal.

                       (website:http://terra.uow.edu.au/mark/mark101/13.ppt )

It is generally agreed that a consumers’ buyer behaviour is influenced by four major factors; cultural, social, personal and psychological factors (Wells & Prensky 1996: 217). These factors cause consumers to develop product and brand preferences. Even though consumer analysts can’t look into the eyes of consumers, they can analyse variables such as personality, values, and psychographics to predict the effects of individual variables on purchase and consumption. Understanding of their impact is essential, as marketing mix strategies can be developed to appeal to the preferences of the target consumer. When marketing communication is successful, a person feels the communicator understands him or her and respects his or her individuality.

Below is a diagram summarising the most significant psychological factors which have shown to successively influence consumer decision-making.

        

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           HIMBIVEC/288,10Perception)

Subsequently I would like to analyse the importance of two particular psychological influences on consumer behaviour for the success of marketing managers; learning and memory, and personality.

“Many marketers realise that long-standing, learned connections between products and memories are a potent way to build and keep brand loyalty” (Solomon 2002:71). Behavioural learning principles apply to many consumer phenomena, ranging from the creation of a distinctive brand image, to the perceived linkage between a product and an underlying need. Consumers recognise many brand names and jingles, even for products they themselves don’t even use, with the help of incidental learning, which is unintentional. But consumers can also learn vicariously by observing events that affect others. Learning helps a consumer associate between a stimulus such as a product logo (e.g., L’Oreal) and a response (e.g., “Because I’m worth it!”). Following I would like to stress the consumer’s black box which expresses the belief that learning takes place when the consumer responds to stimuli. The black box symbolises intervening variables during this process, such as psychological factors, social factors etc.

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                                (website:http://online.sfsu.edu/~fho/CH03-R.ppt.com)

Many of our experiences are locked inside our heads and may surface years later if prompted by the right cues. Marketers rely on consumers to retain from their memory information they have learned about products and services, trusting that it will later be applied in situations in which purchase decisions must be made.

The first stage is the search and evaluation of information, where consumers survey their environment for appropriate data to make a reasonable ...

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