Course Review

5 minutes
Share the link to this page
Copied
  Completed
You need to have access to the item to view this lesson.
One-time Fee
$99.99
List Price:  $139.99
You save:  $40
€92.84
List Price:  €129.99
You save:  €37.14
£79.72
List Price:  £111.61
You save:  £31.89
CA$136.78
List Price:  CA$191.51
You save:  CA$54.72
A$151.39
List Price:  A$211.96
You save:  A$60.56
S$135.31
List Price:  S$189.45
You save:  S$54.13
HK$782
List Price:  HK$1,094.84
You save:  HK$312.83
CHF 90.72
List Price:  CHF 127.01
You save:  CHF 36.29
NOK kr1,086.02
List Price:  NOK kr1,520.47
You save:  NOK kr434.45
DKK kr692.51
List Price:  DKK kr969.54
You save:  DKK kr277.03
NZ$166.43
List Price:  NZ$233.01
You save:  NZ$66.57
د.إ367.25
List Price:  د.إ514.16
You save:  د.إ146.91
৳10,970.69
List Price:  ৳15,359.41
You save:  ৳4,388.71
₹8,349.28
List Price:  ₹11,689.33
You save:  ₹3,340.04
RM473.75
List Price:  RM663.27
You save:  RM189.52
₦123,487.65
List Price:  ₦172,887.65
You save:  ₦49,400
₨27,810.05
List Price:  ₨38,935.18
You save:  ₨11,125.13
฿3,685.75
List Price:  ฿5,160.20
You save:  ฿1,474.45
₺3,226.13
List Price:  ₺4,516.71
You save:  ₺1,290.58
B$507.56
List Price:  B$710.61
You save:  B$203.04
R1,844.45
List Price:  R2,582.31
You save:  R737.85
Лв181.73
List Price:  Лв254.43
You save:  Лв72.69
₩135,953.36
List Price:  ₩190,340.14
You save:  ₩54,386.78
₪371.93
List Price:  ₪520.72
You save:  ₪148.78
₱5,723.27
List Price:  ₱8,012.81
You save:  ₱2,289.54
¥15,446.23
List Price:  ¥21,625.34
You save:  ¥6,179.11
MX$1,686.59
List Price:  MX$2,361.30
You save:  MX$674.70
QR364.61
List Price:  QR510.47
You save:  QR145.86
P1,357.27
List Price:  P1,900.24
You save:  P542.96
KSh13,298.67
List Price:  KSh18,618.67
You save:  KSh5,320
E£4,771.52
List Price:  E£6,680.32
You save:  E£1,908.80
ብር5,739.13
List Price:  ብር8,035.01
You save:  ብር2,295.88
Kz83,660.29
List Price:  Kz117,127.76
You save:  Kz33,467.46
CLP$92,979.70
List Price:  CLP$130,175.30
You save:  CLP$37,195.60
CN¥708.73
List Price:  CN¥992.25
You save:  CN¥283.52
RD$5,799
List Price:  RD$8,118.84
You save:  RD$2,319.83
DA13,435.05
List Price:  DA18,809.61
You save:  DA5,374.56
FJ$224.49
List Price:  FJ$314.30
You save:  FJ$89.80
Q776.98
List Price:  Q1,087.80
You save:  Q310.82
GY$20,913.53
List Price:  GY$29,279.78
You save:  GY$8,366.25
ISK kr13,955.60
List Price:  ISK kr19,538.40
You save:  ISK kr5,582.80
DH1,002.03
List Price:  DH1,402.88
You save:  DH400.85
L1,771.31
List Price:  L2,479.90
You save:  L708.59
ден5,723.76
List Price:  ден8,013.49
You save:  ден2,289.73
MOP$804.66
List Price:  MOP$1,126.56
You save:  MOP$321.89
N$1,841.06
List Price:  N$2,577.56
You save:  N$736.50
C$3,679.48
List Price:  C$5,151.42
You save:  C$1,471.93
रु13,360.08
List Price:  रु18,704.65
You save:  रु5,344.56
S/372.58
List Price:  S/521.63
You save:  S/149.04
K386.69
List Price:  K541.38
You save:  K154.69
SAR375.01
List Price:  SAR525.03
You save:  SAR150.02
ZK2,716.50
List Price:  ZK3,803.21
You save:  ZK1,086.71
L462.07
List Price:  L646.92
You save:  L184.84
Kč2,322.93
List Price:  Kč3,252.20
You save:  Kč929.26
Ft36,116.11
List Price:  Ft50,564.01
You save:  Ft14,447.89
SEK kr1,084.61
List Price:  SEK kr1,518.51
You save:  SEK kr433.89
ARS$88,016.60
List Price:  ARS$123,226.76
You save:  ARS$35,210.16
Bs690.78
List Price:  Bs967.13
You save:  Bs276.34
COP$390,579.97
List Price:  COP$546,827.59
You save:  COP$156,247.61
₡51,141.53
List Price:  ₡71,600.19
You save:  ₡20,458.65
L2,469.47
List Price:  L3,457.36
You save:  L987.88
₲747,500.10
List Price:  ₲1,046,530.05
You save:  ₲299,029.94
$U3,819.50
List Price:  $U5,347.45
You save:  $U1,527.95
zł400.65
List Price:  zł560.93
You save:  zł160.27
Already have an account? Log In

Transcript

Well, we've reached the end of this module on consumer decision making. So you know what's next, let's just review some of the major important ideas that we talked about in this section of the course. We started out by noting that every purchase decision your customer makes is a response to a problem. It's important to think about buying behavior as a problem solving exercise, because then it's easier to put yourself in the role of a facilitator, someone who's going to help the consumer solve that problem. We know that we reward people who help us. And so your reward could be years of loyalty.

However, we also know that realistically, problems are big and small. They come in many sizes. And there's going to be a lot of variability in terms of how much effort Your customer is motivated to expend in order to solve a problem. So we started first by noting that for important or complex decisions, we usually see that the customer follows a series of methodical steps. If you understand how those steps occur, and what information your customer considers at each step, you really have a leg up on the competition. Because you have the ability to control that conversation.

You can play an active role in structuring the decision situation to guide your customers toward the correct choice. However, we also acknowledged that many if not most, consumer decisions probably aren't made with this amount of cognitive effort. So we have to recognize that many consumer decisions are made out of habit or with the help of well learned rules of thumb That we called heuristics. Furthermore, your customers decisions often are responses to subtle prompts in the purchase environment. We know that consumers respond to Prime's that is to various clues in the environment that, get them thinking one way or the other. And if you're on top of that process, it can really make a big difference.

And finally, we took a quick look at how new advances in neuro marketing help us to understand what really drives consumers decisions. I wanted to end this first course with a focus on neuro marketing. Because one of the takeaways here is very important, and it really comes full circle to what we started with at the beginning of this course. And that is that it's not enough to know what people do. We need to know why they do it. And so some of these files findings from neuro marketing, essentially are reinforcing the idea that consumers responses to products and services are not necessarily driven by conscious rational factors.

And in fact, the consumer himself isn't always necessarily able to articulate exactly why he made the choice he did. So it's very important for us to dig beneath the surface, and not to take consumers behaviors at face value.

Sign Up

Share

Share with friends, get 20% off
Invite your friends to LearnDesk learning marketplace. For each purchase they make, you get 20% off (upto $10) on your next purchase.