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CB-Consumer Behaviour Summary
CB-Consumer Behaviour Summary
Green Marketing:
1. Developing products whose production, use, or disposal is less harmful to the
environment than the traditional versions of the products
2. Developing products that have a positive impact on the environment
3. Tying the purchase of a product to an environmental organization and event
Green Marketing Regulation
- The FTC has updated its Green Guides relating to environmental claims to include
changes to => Qualifying claims and 3rd party certifications and seals
- Firms must avoid greenwashing => promoting environmental benefits that are
unsubstantiated and on which they do not deliver
Cause-Related Marketing (CRM): marketing that ties a co and its products to an issue or
causes with the goal of improving sales or corporate image while providing benefits to the
cause.
Marketing to the LGBTQ Community:
- The gay market is estimated to be 4% of the adult US population (10 million people
over 18 years old)
- The purchasing power of the gay market is estimated at over $900 million
- How are their needs different/similar to other consumer segments
Gender-Based Marketing:
- Gender roles in the US are shifting with both genders making many purchase
decisions => shifting from women being caretakers and men working to everybody
being in the workforce
+ This changes how household decisions are made and how we market
products to families
- Today women influence 80% of all vehicles sold
- Market Segmentation =>
+ Traditional housewife => stays at home, takes care of the kids and the
home< content to do this
=> Technology is allowing lots of people to work at home, Many are
working from home but wish they could work.
+ Trapped housewife => stays at home but wishes she could work
=> Cannot afford childcare
+Trapped working woman => married or single women who would prefer to
stay at home but work because they need the paycheck
+ Career working woman=> always been in the workforce, is content to work
and finds a balance between work and home life
- Product Strategy => Moving beyond stereotypes
+ Rather than adapting colours to fit stereotypes, cos are adapting their
features in ways that make their products more functional (ie to “fit” women’s
hands)
- Marketing Comm Strategies => if I am targeting a certain gender, which site should
I advertise on
- Retail Strategy =>
+ Men and women have different purchasing habits
+ Differences in loyalty, brand switching, coupon usage, and shopping style
must be considered as more men take on the task of grocery shopping
Chapter 4: The Changing American Society => Demographics and
Social Stratifications
Demographic factors that describe population in terms of age, size, density, structure (how
do people live together)
- Age => MOST INFLUENTIAL on consumer needs and wants: as consumers age
products may need to evolve to meet changing needs in a unique way
+ US age distribution => age cohorts are the different groups of people around
the same age that share similar characteristics as consumers due to their
closeness in age
+ Key growth categories => lots of growth in older cohorts ( Baby Boomers)