Chapter 01 Consumer Behavior and Marketing Strategy Multiple Choice Questions 1. Why is China very attractive to marketers around the world? A. because it represents a collective approach to marketing in contrast to the traditional individualist approach used in the United States and other western cultures B. Chinese consumers are very brand loyal C. they are the heaviest users of the Internet D. Chinese teens are easier to understand because they are less "trendy" than teenagers from other
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September 22‚ 2014 Making Ice Cream in a Bag Have you ever made homemade ice cream? It can be a lot of fun‚ and you end up with a tasty frozen treat! Craving for ice cream is a frequent passion that everyone has. Once one faces this passion‚ one usually makes a run down to the local grocery store for a pint of ice cream. But that’s not necessary‚ don’t go running down to the store or market for an ice cream fix. If the house consists of these core ingredients: salt‚ ice‚ milk‚ sugar‚ and vanilla
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Puno’s Ice Cream Sales and Ordering System August 2013 Chapter 1 1.0 Introduction In business like merchandising‚ Sales and Ordering system plays an important role. It is used to track all the transactions made by the business and responsible for monitoring the items supplies. All the business transactions must be properly recorded and must be fully secured by password. A Computerized system is the best solution and most innovative answer for their needs.
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How to Eat an Ice Cream Cone Eating an ice cream cone is a delicate art‚ with only one proper way to eat it. Life at the ice cream vendor is full of men‚ women‚ and children eating it in ways that are unfitting for the beauty of the cone. I am here to help you discover how to eat an ice cream cone in a way befitting its grandeur. For your first step‚ you have to purchase your ice cream. Choose a flavor that you believe will suit you best‚ and matches your taste in sweets. After you have chosen your
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customer’s life-cycle might look something like this: Younger consumer - small gifts for girlfriend Slightly older consumer - engagement ring‚ holiday gifts Slightly older yet - Bridal ring‚ holiday gifts Maturing consumer - watches‚ anniversary gifts‚ holiday gifts‚ Consumer with children - birthday presents‚ holiday gifts‚ Sweet 16 gifts‚ bar mitsvah gifts and First Communion gifts So‚ you can see how reaching a consumer earlier in life offers the potential to make more sales to that
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Chapter 1 – consumer behavior 1. Decision making at margin marginal cost: the additional cost of consuming or producing one more unit of a good marginal benefit: the additional benefit of consuming or producing one more unit of good Utility: satisfaction derived from consuming units of good consumed in a given period of time Marginal utility: additional satisfaction gained from consuming an extra unit of good within a period of time 2. The law of diminishing utility marginal utility
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Introduction to Consumer Behavior What is Consumer behavior? – pg 6-8 Consumer Behavior The study of individuals‚ groups‚ or organizations and the processes they use to select‚ secure‚ use‚ and dispose of products‚ services‚ experiences‚ or ideas to satisfy needs and the impacts that these processes have on the consumer and society. Application of consumer behavior – pg 9-11 1) Marketing Strategy 2) Regulatory Policy Social Marketing The application of marketing strategies and tactics
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police roamed the streets‚ seeing little children eat their ice cream. Suddenly‚ one day‚ there was a scream around the block. The police deputy that heard this wasn’t a normal police deputy‚ he was Super Cooper‚ the talking weiner dog. He ran to the crime scene as fast as he could and found a group of young children crying with ice cream stains on their shirts. He asked them what was wrong and they said “A big man stole our ice cream” then continued to sob. Super Cooper knew he needed his trusty
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Consumer Behavior A Vera Bradley handbag can be one of the many fashion statements made by almost any female ranging from the age of 10 to 90. “Vera Bradley is a leader in fashionable‚ colorful‚ cotton quilted handbags‚ accessories‚ luggage‚ and paper and gift items for women of every age.” As one can see this product is mostly purchased by women. However‚ each individual has their own personal characteristics like gender‚ age‚ family life cycle‚ personality‚ self-concept‚ and lifestyle that influence
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CHAPTER 3 – LEARNING AND MEMORY • Marketers understand that long-standing‚ learned connections between products and memories are a potent way to build and keep brand loyalty. • Learning is a relatively permanent change in behavior caused by experience (not always directly‚ but by observation of events that affect others). - An ongoing process - Ranges from simple association between a stimulus (product logo - Coke) to a response (“refreshing soft drink”) – to a complex series of cognitive
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