Question

why involvement has been regarded as a central construct within consumer behaviour theory and is it...

why involvement has been regarded as a central construct within consumer behaviour theory and is it still useful for marketers?.

Homework Answers

Answer #1

Involvement is an individual difference perceived in consumer behavior and in their decision-making process. With the help of involvement, consumer behavior researcher or market researcher can distinguish their customers into three groups - Low involvement, moderate involvement, and high involvement group and come up with the different strategies which specifically target to an individual group. Due to this differentiation companies can target their potential customers, can provide customized products/solutions for their new customers according to their requirements, and can also increase their consumer base. In simple words, involvement is a way to reach out to the existing and potential consumers of their products. Marketers still use this strategy to increase the market share of their company by increasing the consumer base of their products.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Akers' Social Learning Theory is a major theory of crime causation that has been subject to...
Akers' Social Learning Theory is a major theory of crime causation that has been subject to a tremendous amount of research over the past several years. Design and describe in detail an original policy to reduce crime that is based on Social Learning Theory. Be clear about how the policy reflects the ideas in Social Learning Theory and why, based on these ideas, your policy should reduce crime.
(c) Suppose the central bank of Country M has been using its domestic currency to buy...
(c) Suppose the central bank of Country M has been using its domestic currency to buy foreign currencies, but has now stopped that policy. As a result, and all else equal, what happens to the exports and imports of Country M? Why?
Poverty and inequality are still enormous challenges for the Latin American region. Why has there been...
Poverty and inequality are still enormous challenges for the Latin American region. Why has there been so little progress? What more could be done?
Why do you think behaviorism has been (and still is) so popular? Do you think it...
Why do you think behaviorism has been (and still is) so popular? Do you think it would have become so popular without the earlier work of the functional psychologists? Why or why not?
A comprehensive hydrographic survey has been conducted on a river in central Europe. The survey results...
A comprehensive hydrographic survey has been conducted on a river in central Europe. The survey results show that the average annual depth of flow in the river is 3000 mm, and the mean river width, over its entire length, is in the order of 24 m. The survey findings also conclude that the riverbed consists of fine gravel material. Further analysis of riverbed material confirms these to have an average specific gravity of 2.59 and an average particle diameter of...
A patient with cancer has been bleeding internally because the blood vessels within the tumor keep...
A patient with cancer has been bleeding internally because the blood vessels within the tumor keep rupturing. As a result, the patient has a very low hematocrit. The patient refuses blood transfusions. a) is the patient's erythropoietin secretion likely to be high, low, or baseline? Explain. b) How/why might injections of EPO help this patient? c) Which of the following drug classes would be best for helping this patient to reduce his internal bleeding? Explain why.  Choice 1: vitamin K antagonists,...
A consumer advocacy group received a tip that an air conditioning company has been charging female...
A consumer advocacy group received a tip that an air conditioning company has been charging female customers more than male customers. The group's statistical expert decides examine this question at the α=0.10α=0.10 level of significance, by looking at the difference in mean charges between a random sample of female customers and a random sample of male customers. Let μFμF represent the average charges for female customers and μMμM represent the average charges for male customers.(Round your results to three decimal...
Music has long been known to influence consumer behavior. Many retail establishments, from Starbucks to Safeway,...
Music has long been known to influence consumer behavior. Many retail establishments, from Starbucks to Safeway, choose the music they play for shoppers strategically as part of their larger marketing and branding strategies as well as a tool to encourage patrons to spend money. Factors such as the tempo (or speed), pitch, and key of a song have differing effects on behavior. You can read more about this issue here if you're curious (https://www.psychologytoday.com/blog/your-musical-self/201412/music-and-the-shopper) if you are interested. You won't...
Respond too this statement on why you agree with it and what else could have been...
Respond too this statement on why you agree with it and what else could have been added, response must be a paragraph long, 5 sentences, cite and add a outside source from the internet too future help your information. Thank you! "A higher minimum wage does cause an increase in unemployment in low-skilled workers. Businesses must figure out how to increase revenues in order to support the higher labor wage without passing on the entire raise to the consumer. Most...
Please read the article and answer these questions. Thanks. Article: TESTING THE GLOBAL CENTRAL BANK SWAP...
Please read the article and answer these questions. Thanks. Article: TESTING THE GLOBAL CENTRAL BANK SWAP NETWORK In the last few weeks, the ECB has been drawing on its liquidity swap line with the Fed, first $308 million for a week, then $658 million for a week, and last week back down to $358 million. What’s that about? It’s not such a large amount. Bank of Japan borrowed more in the past, $810 million in March and $1528 million in...