How Consumers Decide - 1142 Words

How consumers decide Professor John Maule from the University of Leeds describes new research into the way that consumers choose a product.†¨Ã¢â‚¬ ¨ Understanding consumers†¨ Consumers are creatures of habit: they buy the same products time and time again, and such is their familiarity with big brands, and the colors and logos that represent them, that they can register a brand they like with barely any conscious thought process. The packaging of consumer products is therefore a crucial vehicle for delivering the brand and the product into our shopping baskets. Having said this, understanding how consumers make decisions, and the crucial role of packaging in this process, has been a neglected area of research so far. This is†¦show more content†¦And fourth, people vary in the extent to which they enjoy thinking. Our research has differentiated between people with a high need for thinking - who routinely engage in analytical thinking - and those low in the need for cognition, who prefer to use very simple forms of thinking.†¨Ã¢â‚¬ ¨ Effectiveness varies†¨ This work has an important impact on packaging in that what makes packaging effective is likely to vary according to the type of processing strategy that consumers use when choosing between products. You need to understand how consumers are selecting your products if you are to develop packaging that is relevant. Furthermore, testing the effectiveness of your packaging can be ineffective if the methods you are employing concern one form of thinking (e.g. a focus group involving analytical thinking) but your consumers are purchasing in the other mode (i.e. the heuristic, shallow form of thinking).†¨Ã¢â‚¬ ¨ For the packaging industry, it is important that retailers identify their key goals. Sustaining a consumers commitment to a product may involve packaging that is distinctive at the heuristic level (if the consumers can recognize the product they will buy it) but without encouraging consumers to engage in systematic processing (prompting deeper level thinking that would include making comparisons with other products).†¨Ã¢â‚¬ ¨ Conversely, getting consumers toShow MoreRelatedConsumer Decision Making Process : Marketing Management1574 Words   |  7 PagesConsumer Decision Making Process Marketing executives need to understand what consumers want and that the product and services they want are constantly changing. Having a real understanding of consumer behavior will be crucial to a company’s success. Consumer behavior describes the reasons why consumers decide to purchase certain items and how they use and dispose of these products and services they have just purchased. This study also includes the outside factors that can also influence purchasingRead MoreExplain how resources are allocated in reference to the different economic systems?1686 Words   |  7 PagesAn economic system is the result of individuals (consumers and producers), groups (firms, trade unions, political parties, families etc) and the government coming together and interacting in a legal and social society. The function of an economic system is to resolve the basic economic problem - scarcity which means that the resources are limited but wants are infinite. This distribution has three dimensions: * What is to be produced * How is it to be produced * For whom is it to be produced.Read MoreMarketing : A Marketer, Does One Create Customer Value?991 Words   |  4 PagesSummary How, as a marketer, does one create customer value? To start, a marketer has to understand who they are selling to, the consumer. 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