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Published bySibyl Hines Modified over 9 years ago
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PharmaSim CONSUMER BEHAVIOR Advanced Marketing Management Marketing 6202
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Segments Related to Consumer Needs Illness Cold, Cough, Allergy Cold, Cough, Allergy Symptoms Aches, Nasal Congestion, Chest Congestion, Cough, Allergy Aches, Nasal Congestion, Chest Congestion, Cough, Allergy Age Young Singles, Young Families, Mature Families, Empty Nesters, Retired Young Singles, Young Families, Mature Families, Empty Nesters, Retired Day vs. Night / Work vs. Home
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Product Factors Related to Consumer Needs Formulation (Drives Effectiveness] Analgesic, Antihistamine, Decongestant, Cough... Analgesic, Antihistamine, Decongestant, Cough... Form Capsule, Liquid, or Nasal Spray Capsule, Liquid, or Nasal Spray Duration 4 or 12 hours 4 or 12 hours Side Effects Drowsiness, Upset Stomach Drowsiness, Upset Stomach Price to Consumer MSRP, Volume Discount, Promo Discount, Channels MSRP, Volume Discount, Promo Discount, Channels
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Marketing Efficiency Index Net Income ___________________________________ Advertising + Sales Force + Promotional Budget Cost Dollars
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Consumer Purchase Process Awareness Evaluation of Alternatives Intention to Buy In-Store Attractiveness Purchase Usage / Satisfaction Repurchase
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Awareness What drives awareness? Advertising! Advertising! Detailing Detailing Co-op Advertising Co-op Advertising Word of mouth (based on others’ satisfaction) Word of mouth (based on others’ satisfaction)
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Intention to Buy What drives intention to buy? Couponing Couponing Trial size Trial size Advertising Advertising How much value is the product perceived perceived to offer, relative to competitors?
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In-Store Attractiveness What affects attractiveness at point-of- purchase? Retail Promotion Retail Promotion Price Price Shelf Space and Location Shelf Space and Location Point-of-Purchase Displays Point-of-Purchase Displays Is your brand losing or gaining sales based on influences at point-of-purchase?
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Purchase Intention to Buy In-Store Attractiveness + Availability May Be a Constraint
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Usage / Satisfaction Realized Value: How well does Allround relieve symptoms? How well does Allround relieve symptoms? Advertising ( for Credence Products) Advertising ( for Credence Products) Perceptions from use Perceptions from use Expected Value Advertising / Word of Mouth Advertising / Word of Mouth Prior Experiences Prior Experiences Satisfaction = Realized Value - Expected Value
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Repurchase Intention Satisfaction Satisfaction Co-op Advertising Co-op Advertising Couponing Couponing In-Store Attractiveness
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