ADMS 2200 Quiz: Consumer Behavior EU 6th Book Summary Notes pt1

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ADMS 2200 Full Course Notes
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ADMS 2200 Full Course Notes
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Consumer behaviour is the study of the processes involved when individuals or groups select, purchase, use, or dispose of products, services, ideas, or experiences to satisfy needs and desires. A consumer may purchase, use, and dispose of a product, but different people may perform these functions. In addition, we can think of consumers as role players who need different products to help them play their various parts. Marketers have to understand the wants and needs of different consumer segments. Market segmentation is an important aspect of consumer behaviour. Consumers can be segmented according to many dimensions, including product usage, demographics (the objective aspects of a population, such as age and gender), and psychographics (psycho- logical and lifestyle characteristics). Emerging developments, such as the new emphasis on relationship marketing and the practice of database marketing, mean that marketers are much more attuned to the wants and needs of different consumer groups.

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