Characteristics of buying behavior starting

Assignment Help Marketing Management
Reference no: EM131161521

You and a group of your co-workers take a long lunch on Friday and visit the local mall for a quick snack and some speed shopping. Being polite and valuing your co-worker's friendship, you don't burst out in laughter when you see what is unmistakably the most hideous blouse in the history of Macy's, not to mention how much she paid for it! Clearly, you have MUCH better taste. Sorry, it's not that simple. Consumer behavior, or why we buy what we buy, is complex and influenced by our culture, family values, self-image, and attitudes (just to name a few factors).

After reading Chapter 5 in the text, paying special attention to the characteristics of buying behavior starting on page 137, consider the product you are using for your marketing plan. Which of the factors influencing consumer buying behavior best fits your product, and how do the factors drive the consumer's likelihood to purchase? (For insights into this, be sure to read Real Marketing 5.1 and 5.2). Is culture important to your buyer behavior? How about self-concept or lifestyle? Are there psychological motivations? Be specific and give examples supporting your decisions.

Reference no: EM131161521

Questions Cloud

Why each regression specification appears unsatisfactory : Discuss why each regression specification appears to be unsatisfactory. Explain why it was not possible to perform a common factor test.
Evaluate abc current occ : Evaluate ABC's current OCC. What advice would you provide in order to better position ABC to successfully implement this change? Be as thorough and specific as possible, covering as many issues as you can
Describe how your research questions will help you respond : Create two research questions for your topic, and describe how your research questions will help you respond to your topic. Think about what the driving questions are that you have about this issue.
Discuss several types of persuasive communication : Discuss several types of persuasive communication you might be required to write or present in your professional and personal life. Explain the difference between primary research and secondary research and how each is used in gathering information..
Characteristics of buying behavior starting : After reading Chapter 5 in the text, paying special attention to the characteristics of buying behavior starting on page 137, consider the product you are using for your marketing plan.
Explain the implications for the disturbance terms : Explain the implications for the disturbance terms in (1) and (2) if (3) is the correct specification and wt satisfies the Gauss-Markov conditions. What problems, if any, would be encountered if ordinary least squares were used to fit (1) and (2)?
Discuss the application of essays to professional : Discuss the application of essays to professional, research-orientated, or other real life situation while remaining mindful of social, ethical, and cultural concerns. Your goal is to compound and differentiate the essays from Section
Development of the email campaign : Homework: You are tasked with the development of the email campaign for the new iWatch Apple. A: Which of the Five P's will you address when marketing the iWatch and Why?
Business operations of multi-national enterprise : As a political risk analyst, you have been asked to prepare a short report detailing the possible consequences to business operations of a multi-national enterprise (MNE) working in the coffee sector in a politically-unstable country in Latin America..

Reviews

Write a Review

Marketing Management Questions & Answers

  What do you think should be done with the dresses

Your manager points out that standards in South America are not so high and that the deadly dresses could be legally sold in several other countries. What do you think should be done with the dresses?

  How market structure may vary within those sectors

How might Apple find itself working with organizations in the same industry that are an oligopoly, perfect competition, monopoly, or monopolistic market structure. Examine the different sectors with an industry and how market structure may vary wi..

  Explain comparative economics

Explain Comparative Economics and how they are similar and different and if you could please post your references at the bottom

  Summary of findings using these different analyses identify

this section provides the opportunity to develop your course project. conducting an internal environmental scan or

  Write a paper on a company-pepsi

Write a white paper on a company (Pepsi) and discuss the market segmentation within that industry along with the target market for the company and the selection process for that target market

  Customers needs and buying behaviour

PESTLE analysis UK hotel sector with particular note on Radisson Blu in LONDON Conduct secondary market research to collect appropriate market data and information to provide evidence of market demand, customers' needs and buying behaviour to just..

  Identify three or more competitive strategies

Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon, and how this market structure differentiates from the other alternatives.

  Question 1service quality focuses on satisfying customers

question 1service quality focuses on satisfying customers needs in the moments of truth during service encounters where

  Youve been tasked with analyzing an extremely large amount

youve been tasked with analyzing an extremely large amount of data and to ultimately produce a report to share with the

  Identify and describe the practical issues

Identify and describe the practical issues that arise when conducting an evaluation of a product

  Explain technology and e-commerce

Explain Technology and E-Commerce and what resources does an International Internet retailer need other than merely a storefront on the Internet

  Discuss the potential role of packaging in innovation

Consider the brands of a company that has a large brand portfolio and identify specific brands that function in three of the four roles that brands may play within that portfolio: high-end prestige brands, low-end entry level brands, cash cows and..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd