BU2108 Lecture Notes - Lecture 6: Sustainable Consumption, Customer Relationship Management, Marketing Mix

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Influence of involvement and perceive risk on our consumer decision making process. Differences between extended ps / habitual ps - examples. 5 stages of extended consumer decision making + apply to service. Why do marketers attempt to understand consumer buying behaviour. Buyers reaction to the company marketing impacts on company"s success. Marketing concept (orientation) approach -> marketing mix designed to satisfy the needs and wants of consumers. To satisfy consumers, need to understand the main influences on what where, when & how consumers buy. With an understanding of these factors marketers are in better position to predict consumers response / develop to marketing strategies / plans. Buying behaviour of ultimate consumers, who purchase products for personal or household use and not for business purposes. Dynamic interaction of affection and cognition, behaviour and environment, by which human beings conduct the exchange aspects of their lives. The degree of interest in a product exhibited by a consumer.

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