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Introduction to Consumers
Consumer
Marketing
The Market Research Process
Market Segmentation
Consumer Marketing
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Conducting a Segmentation
Consumer
Marketing
(continued)
Competitive Perceptual Positioning
Consumer Marketing
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Consumer Experience
Consumer
Marketing
(continued)
Consumer Marketing
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Consumer Marketing > Introduction to Consumers
Introduction to Consumers
Defining Consumers
Goals of Consumer Market Research
Quantitative vs. Qualitative Research
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Consumer Marketing > The Market Research Process
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Consumer Marketing > Technology to Assist Market Research
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Consumer Marketing > Market Segmentation
Market Segmentation
What Are Markets
The Importance of Market Segmentation
Developing a Market Segmentation
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Consumer Marketing > Identification of Target Markets
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Consumer Marketing > Conducting a Segmentation
Conducting a Segmentation
Determining Segmentation Variable(s)
Segmentation for B2B
B2B Company Characteristics
Evaluating Market Segments
Selecting Target Markets
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Consumer Marketing > Competitive Perceptual Positioning
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Consumer Marketing > The Consumer Decision Process
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Consumer Marketing > Influences of Personality on the Consumer Decis...
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Consumer Marketing > Social Influences on the Consumer Decision Process
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Consumer Marketing > Consumer Experience
Consumer Experience
Factors Influencing Experience, Involvement, and Satisfaction
Marketing Changes Due to Involvement
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Appendix
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Consumer Marketing
Key terms
Abraham Harold Maslow He was an American psychologist who was best known for creating Maslow's hierarchy of needs, a
theory of self-actualization.
attitude an expression of favor or disfavor toward a person, place, thing, or event (the attitude object). Prominent psychologist
Gordon Allport once described attitudes "the most distinctive and indispensable concept in contemporary social psychology. "
B2B Business-to-business (B2B) describes commerce transactions between businesses, such as between a manufacturer
and a wholesaler, or between a wholesaler and a retailer.
B2C The sale of goods and services from individuals or businesses to the end-user.
baby boomer A person born in the postwar years (generally considered in the USA and other Allied countries as between 1945
and the early 1960s), when there was an increase in the birth rate following the return of servicemen at the end of World War
II.
Black Box Model shows the interaction of stimuli, consumer characteristics, decision process and consumer responses.
Black Friday Black Friday is the day following Thanksgiving Day in the United States, traditionally the beginning of the
Christmas shopping season.
business intelligence Any information that pertains to the history, current status or future projections of a business
organization.
Buyer Decision Process the decision making processes undertaken by consumers in regard to a potential market transaction
before, during, and after the purchase of a product or service.
Buyer Decision Processes The Buyer Decision Processes are the decision-making processes undertaken by consumers in
regard to a potential market transaction before, during, and after the purchase of a product or service.
buyer's market An excess of supply over demand, leading to abnormally low prices. A situation when there is an abundance of
product, prices are usually low, and customers dictate the terms of sale.
Carl Jung (26 July 1875 6 June 1961) was a Swiss psychologist and psychiatrist who founded analytical psychology. Jung
proposed and developed the concepts of the extraverted and the introverted personality, archetypes, and the collective
unconscious. His work has been influential in psychiatry and in the study of religion, literature, and related fields.
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Consumer Marketing
Decision Support System A computer-based information system that supports business or organizational decision-making
activities.
demand void Areas without any significant consumer desires; typically found in ideal point maps of perceptual mapping.
demographic segmentation the division of the market into subsets based on characteristics of the population
disposable income The amount of a person's or group's monetary income which is available to be saved or spent (on either
essential or non-essential items), after deducting all taxes and other governmental fees.
Empirical Data Data derived from reliable measurement or observation.
esoteric Confidential; private.
ethnographic research information regarding cultural phenomena
ethnography The branch of anthropology that scientifically describes specific human cultures and societies.
ethnography The branch of anthropology that scientifically describes specific human cultures and societies.
Evaluation of Alternatives This is the third stage in the Consumer Decision Process. During this stage, consumers compare the
brands and products that are in their evoked set.
Evoked Set The number of alternatives that are considered by consumers during the problem-solving process.
Executive Summary A short document or section of a document that summarizes a longer report or proposal in such a way
that readers can rapidly become acquainted with a large body of material without having to read it all.
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Consumer Marketing
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Consumer Marketing
life cycle the useful life of a product or system; the developmental history of an individual or group in society
mall intercept a survey whereby respondents are intercepted in shopping in malls. The process involves stopping the
shoppers, screening them for appropriateness, and either administering the survey on the spot or inviting them to a research
facility located in the mall to complete the interview.
Market Research The systematic collection and evaluation of data regarding customers' preferences for actual and potential
products and services.
Market Research The systematic collection and evaluation of data regarding customers' preferences for actual and potential
products and services.
Market Research The systematic collection and evaluation of data regarding customers' preferences for actual and potential
products and services.
market segment Market segmentation is a marketing strategy that involves dividing a broad target market into subsets of
consumers who have common needs and desires as well as common applications for the relevant goods and services.
market segment Market segmentation is a marketing strategy that involves dividing a broad target market into subsets of
consumers who have common needs and desires as well as common applications for the relevant goods and services.
market segmentation The process of dividing a broad target market into subsets of consumers who have common needs or
desires, as well as common applications for the relevant goods and services.
marketing mix A business tool used in marketing products; often crucial when determining a product or brand's unique selling
point. Often synonymous with the four Ps: price, product, promotion, and place.
Marketing Research The function that links the consumers, customers, and public to the marketer through information. This
information is used to identify and define marketing opportunities and problems; generate, refine, and evaluate marketing
actions; monitor marketing performance; and improve understanding of marketing as a process.
Marketing Research The function that links the consumers, customers, and public to the marketer through information. This
information is used to identify and define marketing opportunities and problems; generate, refine, and evaluate marketing
actions; monitor marketing performance; and improve understanding of marketing as a process.
Marketing Research The function that links the consumers, customers, and public to the marketer through information. This
information is used to identify and define marketing opportunities and problems; generate, refine, and evaluate marketing
actions; monitor marketing performance; and improve understanding of marketing as a process.
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Consumer Marketing
Marketing Research The function that links the consumers, customers, and public to the marketer through information. This
information is used to identify and define marketing opportunities and problems; generate, refine, and evaluate marketing
actions; monitor marketing performance; and improve understanding of marketing as a process.
Mass Marketing a market coverage strategy in which a firm decides to ignore market segment differences and appeal to the
whole market with one offer or one strategy.
motivation The psychological feature that arouses an organism to action toward a desired goal and elicits, controls, and
sustains certain goal directed behaviors.
need recognition the first step in the buying decision process, where the problem or need is understood
Objective Not influenced by irrational emotions or prejudices.
Online Research Method A way in which researchers can collect data via the Internet. This is also referred to as Internet
research.
opinion leader The opinion leader is the agent who is an active media user and who interprets the meaning of media
messages or content for lower-end media users.
Perception The organization, identification and interpretation of sensory information in order to represent and understand the
environment.
Perception The organization, identification and interpretation of sensory information in order to represent and understand the
environment.
perceptual mapping Perceptual mapping is a diagrammatic technique used by asset marketers that attempts to visually display
the perceptions of customers or potential customers.
persona A social role.
Philip Kotler An American academic focused on marketing. The author of Marketing Management, among dozens of other
textbooks and books, and the S.C. Johnson & Son Distinguished Professor of International Marketing at the Kellogg School of
Management at Northwestern University.
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Consumer Marketing
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Consumer Marketing
Purchase Decision Process The decision-making processes undertaken by consumers in regard to a potential market
transaction before, during, and after the purchase of a product or service.
Qualitative research A method of inquiry employed in many different academic disciplines, traditionally in the social sciences
but also in market research and further contexts.
reference group A reference group refers to a group to which an individual or another group is compared.
reference group A concept referring to a group to which an individual or another group is compared. It is the group to which the
individual relates or aspires to relate himself or herself psychologically.
repositioning Changing the identity of a product or a company in the minds of stakeholders and competitors.
scientific method The scientific method is a body of techniques for acquiring new knowledge or correcting and integrating
previous knowledge. To be termed scientific, a method of inquiry must be based on empirical and measurable evidence
subject to specific principles of reasoning.
secondary data information collected by someone other than the user of the data
Secondary Research This process involves the summary, collation, and synthesis of existing research rather than primary
research, where data is collected from subjects or experiments.
Secondary Research This process involves the summary, collation, and synthesis of existing research rather than primary
research, where data is collected from subjects or experiments.
segmentation The act of dividing a larger population or market into smaller groups.
segmentation The process of identifying different consumer groups within a broader market, focusing on identifying the ideal
segments for a marketing plan.
social class A class of people, based on social power, wealth or another criterion.
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Consumer Marketing
Social Marketing the systematic application of marketing, along with other concepts and techniques, to achieve specific
behavioral goals for a social good.
socio-economic Of or pertaining to a combination of social and economic factors.
Standard Industrial Classification (SIC) A set of codes published by the United States government that classifies business
firms by the main product or service provided.
survey research information from a predetermined set of questions that is given to a sample and is used to assess thoughts,
opinions, and feelings
Systematic Carried out using a planned, ordered procedure.
target A person (or group of people) that a person or organization is trying to employ or to have as a customer, audience etc.
target market a group of people whose needs and preferences match the product range of a company and to whom those
products are marketed
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Consumer Marketing
An Exhibition Hall
This is an exhibition hall, where customers have a range of options to explore and evaluate.
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Consumer Marketing
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Consumer Marketing
SIC Classification
SIC codes have between two digit to seven digit classifications.
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Consumer Marketing
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Consumer Marketing
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Consumer Marketing
Focus Group
Soldiers and family members participated in USAG- RC-sponsored focus groups
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Consumer Marketing
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Consumer Marketing
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Consumer Marketing
Focus Group
Soldiers and family members participated in USAG- RC-sponsored focus groups
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Consumer Marketing
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Consumer Marketing
Example of an MIS
This is an example of a marketing information system for agriculture.
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Consumer Marketing
Apple Inc.
Apple Inc. achieved re-positioning
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Consumer Marketing
Microchips
A microchip is a classic B2B product. Manufacturers of electronics buy microchips to put into their products, which they sell to final consumers.
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Consumer Marketing
Credit Cards
Credit card fraud is a form of consumer misbehavior that can cost billions of dollars a year.
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Consumer Marketing
Data Analysis
Notes on data analysis process and testing parameters.
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Consumer Marketing
Data Output
Types of data analysis outputs: heat map, bar plots, scatter plots.
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Consumer Marketing
Qualitative Interview
An example of a qualitative research interview at a facility where the respondents and interviewer can be seen from a 2-way mirror.
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Consumer Marketing
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Consumer Marketing
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Consumer Marketing
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Wikimedia. "US Navy 021029-N-3228G-007 Navy family shops at the Pearl Harbor commissary." CC BY-SA
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Consumer Marketing
Perceptual mapping
This is an example of a perceptual map.
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Consumer Marketing
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Consumer Marketing
CVS Caremark
CVS targets women since they make up 80% of the chain's customer base.
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Consumer Marketing
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Consumer Marketing
Demographic Segmentation
This illustrates a basic example of how variables can be utilized visually to identify specific target segments within a population.
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Consumer Marketing
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Consumer Marketing
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Consumer Marketing
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Wikipedia. "US Navy 060513-N-5174T-045 Lt.Taylor Forester makes a few last minute decisions before purchasing a gold necklace from a Navy Exchange vendor
aboard the Nimitz-class aircraft carrier USS Ronald Reagan (CVN 76)." CC BY-SA
Consumer Marketing
Abraham Maslow
Abraham Harold Maslow (April 1, 1908 June 8, 1970) was an American professor of psychology who created Maslow's hierarchy of needs
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Consumer Marketing
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Consumer Marketing
Friends
The friends we have are often one of the most powerful reference groups in influencing our consumer behavior.
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Consumer Marketing
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Consumer Marketing
Cognitive Dissonance
This Sagittal MRI slice with highlighting indicates the location of the anterior cingulate cortex.
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Consumer Marketing
Question symbol
The first stage of the marketing research process involves defining the problem.
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Consumer Marketing
Research planning
Planning involves the creation and maintenance of a plan.
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Consumer Marketing
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Consumer Marketing
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Consumer Marketing
Meeting.
Researchers can set up a debriefing meeting to review the analysis.
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Consumer Marketing
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Consumer Marketing
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Consumer Marketing
Markets
Market definition and approach: a review of the steps.
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Consumer Marketing
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Consumer Marketing
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Consumer Marketing
Crest Toothpaste
Toothpaste isn't marketed to one particular market segment.
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Consumer Marketing
Presentation
Someone giving a presentation using visual elements.
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Consumer Marketing
Cultural practices
Cultural practices can have a huge impact on consumer behavior.
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Consumer Marketing
Non-personal Source
An example of a non-personal source is a search on the Internet providing information about a subject.
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Consumer Marketing
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Wikipedia. "Carl Jung." GNU FDL http://en.wikipedia.org/wiki/Carl_Jung View on Boundless.com
Consumer Marketing
Example of a DSS
This is an example of a decision support system.
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Wikipedia. "Decision Support System for John Day Reservoir." CC BY-SA http://en.wikipedia.org/wiki/File:Decision_Support_System_for_John_Day_Reservoir.jpg
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Consumer Marketing
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Wikimedia. "Burqini." CC BY-SA http://commons.wikimedia.org/wiki/File:Burqini.jpg View on Boundless.com
Consumer Marketing
Target Market
This chart allows you to visualize the concept of a target market within the context of a broader market.
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Wikipedia. "TAM-SAM-Market.jpg." CC BY-SA 3.0 https://upload.wikimedia.org/wikipedia/en/f/fd/TAM-SAM-Market.jpg View on Boundless.com
Consumer Marketing
Visualizing Segments
Visualizing data queries to understand how consumer groups look relative to various metrics is a useful technique in building clusters and segments.
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Wikimedia. "Clustering.jpg." CC BY-SA 3.0 https://upload.wikimedia.org/wikipedia/commons/2/21/Clustering.jpg View on Boundless.com
Consumer Marketing
Attribution
Wikipedia. "market segment." CC BY-SA 3.0 http://en.wikipedia.org/wiki/market%20segment
Wikipedia. "Target market." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Target_market
Global Text Project. "Introducing Marketing by John Burnett." CC BY 3.0
https://dl.dropboxusercontent.com/u/31779972/Introducing%20Marketing.pdf
Wikipedia. "Marketing research process." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Marketing_research_process
Wikipedia. "Executive Summary." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Executive%20Summary
Wiktionary. "Market Research." CC BY-SA 3.0 http://en.wiktionary.org/wiki/Market+Research
Wiktionary. "life cycle." CC BY-SA 3.0 http://en.wiktionary.org/wiki/life_cycle
Global Text Project. "Introducing Marketing by John Burnett." CC BY 3.0
https://dl.dropboxusercontent.com/u/31779972/Introducing%20Marketing.pdf
Wikibooks. "Marketing/Consumer Behavior." CC BY-SA 3.0
http://en.wikibooks.org/wiki/Marketing/Consumer_Behavior%23Social_influences
Wikipedia. "Consumer." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Consumer
Wikipedia. "Consumer." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Consumer
Wikibooks. "Marketing/Market Research." CC BY-SA 3.0 http://en.wikibooks.org/wiki/Marketing/Market_Research
Global Text Project. "Introducing Marketing by John Burnett." CC BY 3.0
https://dl.dropboxusercontent.com/u/31779972/Introducing%20Marketing.pdf
Boundless Learning. "Boundless." CC BY-SA 3.0 http://www.boundless.com//marketing/definition/psychological-segments
Boundless Learning. "Boundless." CC BY-SA 3.0 http://www.boundless.com//marketing/definition/geographic-segments
Boundless Learning. "Boundless." CC BY-SA 3.0 http://www.boundless.com//marketing/definition/demographic-segmentation
Wikipedia. "Competitive Intelligence." CC BY-SA 3.0
http://en.wikipedia.org/wiki/Competitive_Intelligence%23Distinguishing_competitive_intelligence_from_similar_fields
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Consumer Marketing
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Consumer Marketing
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Consumer Marketing
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Consumer Marketing
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Consumer Marketing
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Consumer Marketing
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Consumer Marketing
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