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PART I: INTRODUCTION PART I: INTRODUCTION 1-2 CHAPTER CHAPTER 1 1 CONSUMER CONSUMER BEHAVIOR AND BEHAVIOR AND MARKETING MARKETING STRATEGY STRATEGY 1-3 Consumer Behavior In The News… Consumer Behavior In The News… Segmenting the Automobile Market Segmenting the Automobile Market J.D. Powers Examined Car-Buyer Segments. J.D. Powers Examined Car-Buyer Segments. Can You Predict the Market for Each Brand? Can You Predict the Market for Each Brand? Honda Civic Honda Civic Honda Accord Honda Accord Toyota Sienna Mini Van Toyota Sienna Mini Van Cadillac STS Cadillac STS Lexus LS 430 Lexus LS 430 Source: D. Kiley, “Sexy or Sensible?” Business Week, January 16, 2006, p. 60-61. 1-4 Consumer Behavior In The News… Consumer Behavior In The News… Segmenting the Automobile Market Segmenting the Automobile Market J.D. Powers Examined Car-Buyer Segments. J.D. Powers Examined Car-Buyer Segments. Can You Predict the Market for Each Brand? Can You Predict the Market for Each Brand? Honda Civic – “teenage terror” Honda Civic – “teenage terror” Honda Accord – “recent MBA grad” Honda Accord – “recent MBA grad” Toyota Sienna Mini Van – “suburban mom” Toyota Sienna Mini Van – “suburban mom” Cadillac STS – “mid-career executive” Cadillac STS – “mid-career executive” Lexus LS 430 – “titan of industry” Lexus LS 430 – “titan of industry” Source: D. Kiley, “Sexy or Sensible?” Business Week, January 16, 2006, p. 60-61. 1-5 Consumer Behavior and Marketing Consumer Behavior and Marketing Strategy Strategy Consumer behavior is the Consumer behavior study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts that these processes have on the consumer and society. 1-6
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