Monday 2 December 2013

MK0011 – Consumer Behaviour


2nd set
                          Solved assignments for Rs.150 each
Mail me at: subjects4u@gmail.com or at
08627023490
Fall-2013
Master of Business Administration - MBA Semester 3
MK0011–Consumer Behaviour-4 Credits
(Book ID: B1722)
Assignment (60 Marks)
Note: Answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60.
Q1. Explain the tri-component attitude model
Answer. Attitudes are usually defined as a disposition or tendency to respond positively or negatively towards a certain thing (idea, object, person, and situation). They encompass, or are closely related to, our opinions and beliefs and are based upon our experiences.
Attitudes are evaluative statement favorable or unfavorable related to person, object or event. They reflect that how one feel about something. For example if someone says that I like my job. This statement expresses
Q2. Describe the levels of consumer decision making while buying.
Answer. The consumer purchase decision process is generally viewed as consisting of sequential steps or stages through which the buyer passes in purchasing a product or service. The various steps in this process as well as the relevant internal psychological processes that occur at each stage such as motivation, perception, attitude formation, integration and learning.
A. Problem recognition — the first step in the consumer decision-making process is that of problem recognition, which is caused by a difference between the consumer’s ideal state and actual state. There are various causes of sources of problem recognition. These include:
Ø  Out of stock
Ø  Dissatisfaction
Ø  New needs/wants
Ø  Related
Q3. Explain brand image and the dimensions of brand personality.


Q4. Explain the VALS (Value and Lifestyle) framework with diagram.
Answer. VALS ("Values, Attitudes and Lifestyles") is a proprietary research methodology used for psychographic market segmentation. Market segmentation is designed to guide companies in tailoring their products and services to appeal to the people most likely to purchase them.
The main dimensions of the VALS framework are primary motivation (the horizontal dimension) and resources (the vertical dimension). The vertical dimension segments people based on the degree to which they are innovative and have resources such as income, education, self-confidence, intelligence,
Q5. Explain the five categories of Adopters in innovation process.
Answer. 1.  Innovator: Venturesome
Observers have noted that venturesomeness is almost an obsession with innovators. They are very eager to try new ideas. This interest leads them out of a local circle of peer networks and into more cosmopolite social relationships. Communication patterns and friendships among a clique of innovators are common, even though the geographical distance between the innovators may be considerable. The innovator must be able to cope with the high degree of uncertainty about an innovation at the time

2nd set
Solved assignments for Rs.150 each
Mail me at: subjects4u@gmail.com or at
08627023490

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