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Consumers Product Knowledge

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Preferred modes of conduct or ways of behaving. 4.4 Value Satisfaction ... Close shave. Smooth, soft shave. Be well groomed. Be comfortable. Irwin/McGraw Hill ... – PowerPoint PPT presentation

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Title: Consumers Product Knowledge


1
Chapter 4 Consumers Product
Knowledge Involvement
2
4.1 Levels of Product Knowledge
Product Class
Product Form
Brand
Model/Feature
Folgers Maxwell House
Ground Instant
1-pound can 8-ounce jar
Coffee
3
4.2 Levels of Product Knowledge
Product Class
Product Form
Brand
Model/Feature
Folgers Maxwell House
Ground Instant
1-pound can 8-ounce jar
Coffee
0.79 model, regular tip 0.99 model, extra-fine
tip
Bic Pilot
Ballpoint Felt tip
Pens
4
4.3a Types of Product Knowledge
Bundle of Attributes
Long-wearing
Tread design
Nike running shoes
69.94
Lacing pattern
5
4.3b Types of Product Knowledge
Bundle of Benefits
Arch support
Nike running shoes
Tread design
Run faster
6
4.3c Types of Product Knowledge
Value Satisfaction
Be physically fit
Nike running shoes
Have good health
Live a long life
7
4.4 Value Satisfaction
Instrumental Values
Preferred modes of conduct or ways of behaving
Terminal Values
Preferred states of being or broad psychological
states
8
4.5 Instrumental Values Terminal Values
Instrumental Values Ex.
Competence ambitious (hard-working) independent
(self-reliant) imaginative (creative) capable
(competent) courageous
Terminal Values Ex. Personal gratification social
recognition comfortable life pleasure (enjoyable
life) Sense of accomplishment
9
4.6 The Means-End Chain
A means-end chain is a knowledge structure that
connects consumers meanings about product
attributes, consequences, and values.
The means-end chain provides a more complete
understanding of consumers product knowledge.
10
4.7a Means-End Chains of Product Knowledge
Attributes
11
4.7b Means-End Chains of Product Knowledge
Attributes
Consequences
12
4.7c Means-End Chains of Product Knowledge
Attributes
Consequences
Values
13
4.8 Means-End Chain Model of Consumers Product
Knowledge
Terminal Values
Instrumental Values
Psychosocial Consequences
Functional Consequences
Abstract Attributes
Concrete Attributes
14
4.9 Means-End Chain Example Gillette Sensor Razor
BRAND
ATTRIBUTES
CONSEQUENCES
VALUES
Spring suspension for twin blades
Be well groomed
Close shave
Sensor Razor
Smooth, soft shave
Be comfortable
Lubricating strip
15
4.10 Means-End Chain
Some product attributes can have more than one
means-end chain
Spend too much
Have less to spend on other things
Waste of money
Be well groomed
High Price
Good quality
Last a long time
Good value
Be comfortable
16
4.11 Consumers Product Involvement
INVOLVEMENT
The perceived importance or personal relevance of
an object ore event.
17
4.12 Factors Influencing Involvement
Personal sources of involvement Means-end
knowledge stored in consumers memories.
18
4.13 Factors Influencing Involvement
Situational sources of involvement Aspects of the
immediate physical and social environment that
activate important consequences and values and
link them to product attributes, thus making
products and brands seem self-relevant.
19
4.14a Model of Consumer Product Involvement
Consumer characteristics
Product characteristics
Environmental characteristics
20
4.14b Model of Consumer Product Involvement
Consumer characteristics
Personal sources
Product characteristics
Situational sources
Environmental characteristics
21
4.14c Model of Consumer Product Involvement
Consumer characteristics
Personal sources
Product characteristics
Involvement
Situational sources
Environmental characteristics
22
4.14d Model of Consumer Product Involvement
Consumer characteristics
Personal sources
Product characteristics
Decision making
Involvement
Situational sources
Environmental characteristics
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