Consumer Behavior

  • Uploaded by: raghavgndu
  • 0
  • 0
  • June 2020
  • PDF

This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA


Overview

Download & View Consumer Behavior as PDF for free.

More details

  • Words: 662
  • Pages: 20
Consumer Behavior Consumer Learning

MEASURES OF CONSUMER LEARNING The dual goals of consumer learning are



increased market share & brand-loyal customers. Both the goals are interdependent. The Various Measures of Consumer Learning Are: Ø Recognition & Recall Measures Ø Cognitive Responses To Advertising Ø The Attitudinal & Behavioral Measures of Brand Loyalty

Recognition & Recall Measures 

Tests conducted to determine whether consumers remember seeing an ad, the extent to which they have read it or seen it & can recall its content, their resulting attitudes toward the product, the brand & their purchase intentions.

LETZ HAVE A LOOK ONTO AN ADVERTISEMENT…

C A N U R E M E M B E R T H E P R O D U C T A D V E R T IS E D IN T H IS A D ??? A N Y 1 O F U C A N T E LL M E 1 O R 2 S A LIE N T FE A T U R E S O F T H E P R O D U C T A D V E R T IS E D ???

Recognition & Recall Measures Cont’d • Recognition tests are based on Aided Recall – Under this, the consumers are shown an ad and are asked whether they remember seeing it & can remember any of its salient points.

HOW MANY OF YOU HAVE READ THIS MAGAZINE???

H O W M A N Y O F YO U W A T C H T H IS S E R IA L O N Z E E T V ???

NOW IF ANY1 OF YOU CAN RECALL ANY OF THE ADS SEEN ON THE TV WHILE WATCHING THE SERIAL OR READING THE MAGAZINE ???? 

Recognition & Recall Measures Cont’d • Recall tests use Unaided Recall – Under this, consumers are asked whether they have read a specific magazine or watched a specific serial & if so, can they recall any ads or commercials seen, product advertised, the brand or any other salient points about the product. 

Cognitive Responses To Advertising • Another important measure of consumer learning is the degree to which consumers accurately comprehend the intended advertising message.





CAN ANY ONE OF U COMPREHEND AS TO WHAT MESSAGE THE ADVERTISEMENT WANTS TO DELIVER???? ANY GUESSES!!!

Attitudinal & Behavioral Measures Of Brand Loyalty • Brand loyalty is an ultimate outcome of consumer learning • Brand loyalty consists of both attitudes & actual behaviors towards a brand – Attitudinal Measures: They are concerned with consumers overall feelings about the product & the brand (i.e. evaluations) & their purchase intentions. – Behavioral Measures: They are based on the observable responses to promotional stimuli – repeat purchase behavior rather than attitude toward the product or

Brand Loyalty Cont’d • Consumers loyalty towards a brand is the function of three groups of influences: vConsumers Drivers (i.e. personal degree of risk aversion or variety seeking) vBrand Drivers (i.e. the brands reputation & availability of substitute brands) vSocial Drivers (i.e. social group influences & peers’ recommendations) v

Brand Loyalty Cont’d • These functions further produces FOUR types of loyalty: ØNo Loyalty: No purchase at all & no cognitive attachment to the brand ØCovetous Loyalty: No purchase but strong attachment & predisposition towards the brand that was developed from the persons social environment ØInertia Loyalty: Purchasing the brand because of the habit & convenience but without any emotional attachment to the brand

Brand Equity • It refers to the value inherent in a wellknown brand name. The value stems from the consumers perception of the brand’s superiority, the social esteem it using it provides, the customers trust & identification with the brand. For companies the most valuable assets are their brand names. Well-known brand names are known as Megabrands. • Eg. Coca-Cola, Hallmark Cards etc. their brands have become “cultural icons” & enjoy powerful advantages over

Thank You & Have A Nice Day

Related Documents

Consumer Behavior
June 2020 9
Consumer Behavior
May 2020 13
Consumer Behavior
June 2020 9
Consumer Behavior
June 2020 14
Consumer Behavior
May 2020 7
Consumer Behavior
May 2020 14

More Documents from ""