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Topics:
Sources of Consumer Knowledge
Benefits of Understanding Consumer Knowledge
Study Tip:
Use the following slides as your guide and refer to
the sections in the textbook that cover the topics.
Sources of consumer knowledge
Personal versus impersonal
Business versus non-business controlled
Business sources of knowledge are often viewed with
suspicion
Consumers have more faith in personal knowledge sources
that are not controlled by businesses
Differing credibility of sources
Relative influence of product sources depends on the type of
information conveyed
Experience from buying and consuming a product
Direct experience increases confidence in knowledge and
makes it more likely to be used in making decisions
Companies may adjust their marketing strategies when
targeting consumers lacking direct experience with the
product
Companies need to decide which source to use when
delivering their messages
Essential that the company monitor what is being transmitted
to consumers about them
Benefits of understanding consumer knowledge
- Gauging positioning success
o By examining a products image among target
consumers, a company can determine its success in
achieving the desired image among consumers
- Identifying purchase barriers
o Can occur due to a lack of knowledge
o Knowledge gaps: an absence of information in memory
o Firms need to identify knowledge gaps which undermine
product purchase
o Knowledge gaps may exist for new and existing
products
- Purchase barriers can occur due to inaccurate knowledge
(misperceptions)
o Can occur in many areas including knowledge of the
brand, company, product or products price
Chapter 11 Notes
Study Tip:
Chapter Thirteen:
Pages 397 399
Topics:
Consumer Decision-Making Process for Innovations
Refer Figure 13.9 (Page 398) Rogers model of
innovations decision process
Study Tip:
topics.
Chapter Sixteen:
Pages 475 - 481
Topics:
How Companies Can Help Consumers to Remember
List of Strategies (refer following slides)
Study Tip:
Use the following slides as your guide and
refer to the sections in the textbook that cover the
topics.
How companies can help consumers to remember
- Reminders
o Can be advertising that reminds consumers to buy a
product
o Might be postcards reminding consumers to make an
appointment
o Could be retrieval cues placed on packaging and at the
point of purchase to enhance ad effectiveness
- Repetition
o Companies rely on repetition (showing ads over and
over again) to enhance rehearsal of the ad
o Learning plateaus after a certain number of repetitions
and negative responses may result from seeing an ad
too often
o Repetition may be used within an ad
- Encourage elaboration
o Self-referencing: involves relating a stimulus to ones
own self and experiences
o The number and strength of potential linkages between
new and stored information are enhanced
o Research supports the potential for encouraging self
referencing through advertising copy
- Importance of consistency
o An ad should convey the same meaning through the
brand name, copy and picture by similarities in
presentation
Chapter 15 notes