Consumer Behavior

GSM MK 856

In order to successfully implement strategy, marketers need to understand their consumers ? who they are, what they want, how they make decisions, and how their behavior is influenced by marketers? actions. This course will cover topics such as the role of culture, psychological processes (e.g. motivation, perception, memory, attitudes, etc.) and marketplace behaviors (e.g. in retail settings, online, post-purchase, etc.). We will also look at such marketing concepts as segmentation strategy, value-based pricing, brand equity, new product adoption, and customer relationship management. The course involves a team project focused on discovering an unmet consumer need and designing a product and marketing plan to address that need.