ADMS 3210 Study Guide - Midterm Guide: Expectancy Theory, Analytical Psychology, Impression Management

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Consumer behaviour: 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 desired. Ongoing process: issues that influence the consumer before, during, and after a purchase. Purpose of understanding consumer behaviour: predict the future. Integral part of marketing: exchange (two or more organizations or people give and receive something of value) Marketing segmentation: process that identifies groups of consumers who are similar to one another in one or more ways and the devises marketing strategies that appeal to one or more groups. Demographics: statistics that measure observable aspects of a population. Data can be used to locate and predict the sizes of markets for many products. Consumers of different age groups have different needs and wants. People in the same age group tend to share a set of values and common cultural experiences that carry throughout life. Products targeted at either men or women.

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