Get 10% Off with
"10OFF" discount coupon code now.

Get personalized service: We guarantee that our papers are PLAGIARISM-FREE

Avoid the Hustle

Consumer Behaviour

Category: Economics

Learning Outcomes:

1. Explain various concepts and theories in consumer behaviour.

2. Identity and evaluate main influences (e. g. from internal, situational and external factors) that
impact consumers’ behaviour, including various psychological concepts, values, culture and family)
3. Assess and analyse how individual consumer makes decision specifically in relation to how,
when, where and why a certain purchase takes place.

4. Assess customer needs, the decision making unit and processes

5. Relate and apply the concepts, theories of consumer behaviour (main influences and decision
making processes) with the marketing theories and overall marketing strategy.

Core reading: Peter P and Olsen J (2010) Consumer Behaviour and Marketing
Strategy, McGraw-Hill International edition, New York, 9th edition

Consumer Behaviour Example Exam Questions:

Involvement, Attention and Comprehension

1).Why do marketers always try to get consumers’ attention? What is the relationship between
attention and brand awareness? Using examples, explain how companies could use their knowledge
of these processes in developing their promotional strategy.

2).How do consumers acquire knowledge about new products? Explain different learning
approaches and how they are employed by marketer in an attempt to influence consumer behaviour.
Consumer attitude

l).Explain how consumers use the Multi-Attribute Attitude Model to evaluate alternatives using
examples and discuss the marketing implications.

2).Def1ne attitude and describe two ways a consumer can acquire an attitude. How do marketers try
to influence this and try to convert attitudes into intentions?

Decision-making

l).Using examples, explain how decision choices are made. Explain the problem solving approach
to understanding of consumer behaviour. Discuss situations where different level of effort is
required for making different choices.

2).How do consumers acquire knowledge about new products? How do consumers employ their
knowledge to aid their decision-making?
Environment and Culture

l).How does environment influence consumers behaviour? Discuss different types of situations
using examples and the marketing implications.

2).Explain the concept of cultural difference. Discuss how it influences consumer behaviour using
relevant academic framework(s). What are the implications for global brands that target at
consumers across all cultures?

Reference group, family and social network

l).Discuss how reference groups influence consumers. Explain how these groups are divided by
their characteristics and why understanding them is important for a marketing manager.

2).Family as a decision-making unit. Explain how family members influence each others’ decision-
making and discuss marketing implications using examples.

Business market and business buyer

1).Compare the differences between an individual customer and a business buyer when making a
purchasing decision. Discuss marketing implications and use examples to back up your point.
2).Would industrial buyers engage in both cognitive and affective systems in making a purchasing
decision? Use academic research to justify argument.

Social network

Explain the concept of online social networks. Why do consumers participate and associate
themselves with different online social networks? Use academic theories and/or frameworks to
justify your discussion. How would firms utilise social networks to promote their products and
brands?

Consumer behaviour research methods

What kind of market research would you employ to help you better understand the potential
segments in the market? Based on your research findings, how do you justify your decision to target
at one segment rather than the others?