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Consumer Market
- All the individuals and households who buy or acquire goods and services for personal
consumption.
Personality
and self
concept
Group
Two or more people who interact to accomplish individual or mutual goals.
Opinion leader
- Person within a reference group who, because of special skills, knowledge,
personality, or other characteristics, exerts social influence on others.
Online Social networks
- Online social communities-blogs, social networking Websites or even virtual worlds-
where people socialize or exchange information and opinions.
3.) personal factors
a.) Age and life cycle stage. The types of goods people buy change during their
lifetimes. As people grow older and mature, the products they desire change. The
makeup of the family also affects purchasing behavior. For example, families
with young children dine out at fact-food restaurants.
b.) Occupation. A person’s occupation affects the goods and services bought.
c.) Economic situation. A person’s economic situation greatly affects product choice
and he decision to purchase a particular product.
d.) Lifestyles. Lifestyles profile a person’s whole pattern of acting and interacting in
the world. When used carefully, the lifestyle concept can help the marketer
understand changing consumer values and how they affect buying behavior.
e.) Personality and self-concept. Each person’s personality influences his or her
buying behavior. By personality we mean distinguishing psychological
characteristics that disclose a person’s relatively individualized, consistent and
enduring responses to the environment. Many marketers use a concept related to
personality a person’s self-concept (also called self-image). Each of us has a
complex mental self-picture and our behavior tends to be consistent with that self-
image.
New product
- A good, service or idea that is perceived by some potential customers as new.
Adoption process
- The mental process through which an individual passes from first hearing about
an innovation o final adoption.
- Awareness: the consumer becomes aware of the new product, but lacks
information about it.
- Interest: the consumer seeks information about the new product.
- Evaluation: the consumer considers whether trying the new product makes sense.
- Trial: the consumer tries the new product on a small scale to improve his or her
estimate of its value.
- Adoption: the consumer decides to make full and regular use of the new product.
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