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Consumer Markets and Consumer Buyer Behavior;Objectives;Objectives;Harley “Hogs” account for 1/5 of U.S. cycle sales
Sales have exceeded supply for years
1986-2000: Four stock splits, increase of 7,100%;Definitions;Stimulus Response Model
Marketing and other stimuli enter the buyer’s “black box” and produce certain choice/purchase responses.
Marketers must figure out what is inside of the buyer’s “black box” and how stimuli are changed to responses.;Characteristics Affecting Consumer Behavior;Hispanics
35 million consumers purchase $425 billion worth of goods and services.
Expected to grow 64% in 20 years.
Spanish media makes group easy to reach.
Brand loyal group.;African Americans
35 million consumers purchase $527 billion worth of goods and services.
Growing more affluent / sophisticated.
Price and brand name conscious; quality and selection are important.
Certain media target this group.;Asian Americans
10 million consumers purchase $229 billion worth of goods and services.
Fastest growing, most affluent subculture.
Many nationalities comprise this group.
Consumer packaged goods companies now target this group more heavily.;Mature Consumers
75 million consumers aged 50+ will grow to 115 million within 25 years.
Mature consumers control 50% of all discretionary income.
Attractive market for travel, restaurant, and cosmetics products, among others. ;Characteristics Affecting Consumer Behavior;Characteristics Affecting Consumer Behavior;Brand Personality Dimensions;Characteristics Affecting Consumer Behavior;Maslow’s Hierarchy of Needs;;Five Stages:
Need recognition
Information search
Evaluation of alternatives
Purchase decision
Postpurchase behavior;The Buyer Decision Process;The Buyer Decision Process;The Buyer Decision Process;The Buyer Decision Process;The Buyer Decision Process;Buyer Decision Process for New Products;Stages in the Adoption Process;Buyer Decision Process for New Products;Adopter Categories;Product Characteristics;Buyer Decision Process for New
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