14.01.2021

Conclusion On Consumer Awareness Project

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  1. Consumer Awareness And Knowledge
  2. Conclusion On Consumer Awareness Project Ideas
  3. Conclusion On Consumer Awareness Project
  4. Project On Consumer Rights

To conclude, people are concerned about different aspects of consumer awareness i.e. Their rights and duties, certified products, date of manufacturing and expiry of the products they used, Consumer Courts etc as far as urban area is concerned. They must have awareness. Consumer awareness through consumer movements, is an effort to change this situation and to safegaurd the interests of the consumers. Logos and certification such as the ISI or Agmark logos help consumers get an assurance of the quality of the goods or services purchased.

5 steps of the consumer decision making process

  1. Problem recognition: Recognizes the need for a service or product
  2. Information search: Gathers information
  3. Alternatives evaluation: Weighs choices against comparable alternatives
  4. Purchase decision: Makes actual purchase
  5. Post-purchase evaluation: Reflects on the purchase they made

The consumer decision-making process can seem mysterious, but all consumers go through basic steps when making a purchase to determine what products and services will best fit their needs.

Think about your own thought process when buying something––especially when it’s something big, like a car. You consider what you need, research, and compare your options before taking the plunge. Afterwards, you often wonder if you made the right call.

Aashiqui 2 2013 songs download. If you work in sales or marketing, make more of an impact by putting yourself in the customer’s shoes and reviewing the steps in the consumer decision-making process.

Steps in the consumer decision process

Generally speaking, the consumer decision-making process involves five basic steps. Start to understand the unique decision process of your customers with this decision flowchart template.

1. Problem recognition

The first step of the consumer decision-making process is recognizing the need for a service or product. Need recognition, whether prompted internally or externally, results in the same response: a want. Once consumers recognize a want, they need to gather information to understand how they can fulfill that want, which leads to step 2.

But how can you influence consumers at this stage? Since internal stimulus comes from within and includes basic impulses like hunger or a change in lifestyle, focus your sales and marketing efforts on external stimulus.

Develop a comprehensive brand campaign to build brand awareness and recognition––you want consumers to know you and trust you. Most importantly, you want them to feel like they have a problem only you can solve.

Example: Winter is coming. This particular customer has several light jackets, but she’ll need a heavy-duty winter coat if she’s going to survive the snow and lower temperatures.

2. Information search

When researching their options, consumers again rely on internal and external factors, as well as past interactions with a product or brand, both positive and negative. In the information stage, they may browse through options at a physical location or consult online resources, such as Google or customer reviews.

Your job as a brand is to give the potential customer access to the information they want, with the hopes that they decide to purchase your product or service. Create a funnel and plan out the types of content that people will need. Present yourself as a trustworthy source of knowledge and information.

Another important strategy is word of mouth––since consumers trust each other more than they do businesses, make sure to include consumer-generated content, like customer reviews or video testimonials, on your website.

Consumer Awareness And Knowledge

Example: The customer searches “women’s winter coats” on Google to see what options are out there. When she sees someone with a cute coat, she asks them where they bought it and what they think of that brand.

Consumer awareness project class 10

3. Alternatives evaluation

At this point in the consumer decision-making process, prospective buyers have developed criteria for what they want in a product. Now they weigh their prospective choices against comparable alternatives.

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Alternatives may present themselves in the form of lower prices, additional product benefits, product availability, or something as personal as color or style options. Your marketing material should be geared towards convincing consumers that your product is superior to other alternatives. Be ready to overcome any objections––e.g., in sales calls, know your competitors so you can answer questions and compare benefits.

Example: The customer compares a few brands that she likes. She knows that she wants a brightly colored coat that will complement the rest of her wardrobe, and though she would rather spend less money, she also wants to find a coat made from sustainable materials.

4. Purchase decision

This is the moment the consumer has been waiting for: the actual purchase. Once they have gathered all the facts, including feedback from previous customers, consumers should arrive at a logical conclusion on the product or service to purchase.

If you’ve done your job correctly, the consumer will recognize that your product is the best option and decide to purchase.

Conclusion On Consumer Awareness Project Ideas

Example: The customer finds a pink winter coat that’s on sale for 20% off. After confirming that the brand uses sustainable materials and asking friends for their feedback, she orders the coat online.

5. Post-purchase evaluation

This part of the consumer decision-making process involves reflection from both the consumer and the seller. As a seller, you should try to gauge the following:

  • Did the purchase meet the need the consumer identified?
  • Is the customer happy with the purchase?
  • How can you continue to engage with this customer?

Remember, it’s your job to ensure your customer continues to have a positive experience with your product. Post-purchase engagement could include follow-up emails, discount coupons, and newsletters to entice the customer to make an additional purchase. You want to gain life-long customers, and in an age where anyone can leave an online review, it’s more important than ever to keep customers happy.

Tools to better understand your customer

Putting yourself in the customer’s shoes can help you steer consumers towards your product. Here are some tools to help you analyze their decision-making process and refine your brand marketing and sales tactics.

Customer journey map

A customer journey map visualizes a hypothetical customer’s actions. Use it to empathize with your customers as they go through a specific process or try to complete a purchase. Map out the actions the customer is likely to take.

Learn how to make a customer journey map to understand the decision-making process for your product/service.

Empathy map

Empathy maps help teams understand the customer’s mindset when dealing with a product or service. They can be used for personas or specific customer types. Empathy mapping is often most helpful at the beginning of a new project. Collaborate as a team to quickly get inside the heads of your customers during every step of product development, testing, and release.

Learn how empathy maps work so you can understand your customers better and make customer-oriented decisions.

User personas

Conclusion On Consumer Awareness Project

Based on user research or past user interactions, user persona cards construct fictional or composite personas that break down and organize your data into distinctive types of users. Build a more human picture of your users and understand your user base better by creating user personas for the various types of users for your product or service.

Project On Consumer Rights

Understanding the consumer decision-making process is key if you want to attract more customers and get them to make that crucial purchase. Use this process and the tools above to tune in to consumers and genuinely understand how to reach them.

CONSUMER AWARENESS
ECONOMICS PROJECT
10/23/2010
NAVEED KARIMBAKSH
XI-B
TO
Mrs. BIBY
ECONOMICS TEACHER
TO
Mrs. BIBY
ECONOMICS TEACHER
CONTENTS S.NO TOPIC PAGE NO. 1 ACKNOWLEDGEMENT 3 2 LIST OF TABLE 4 3 LIST OF FIGURES 5 4 INTRODUCTION 6-7 5 BACKGROUND INFORMATION 7-10 6 SURVEY 11-23 7 CONCLUSION 24 8 Bibliography 25
ACKNOWLEDGEMENT First and foremost I thank the god for his blessings, showered on me in completing the project successfully.
I am heartily thankful to my Business Studies teacher Mrs. BIBY MATHEW whose encouragement, guidance and support from the initial to the final level enabled me to develop an understanding of the subject. I would also like to express my
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A majority of the advertisements are aimed at young children today, especially those covering food products, beverages and cosmetics (especially toothpaste/fairness creams). Advertising influences the food preferences and eating habits of children to a large extent.
Unfortunately, many advertisements make false promises, are highly exaggerated and give incomplete descriptions of products. The media, schools and parents along with consumer groups need to help children develop the ability to understand the purpose of advertising. There is so much more information available to children that they must perceive the importance of distinguishing between different sources of information.
The consumption patterns are changing fast and children today are very clear on their choices regarding food, clothing, cosmetics or accessories. Parents are increasingly permitting their children to take decisions when shopping. It then becomes very important for children to check details (for example, labels) before buying products. Children can be taught to shop wisely and a few simple precautions will ensure that they choose the right product at the right price. It is but natural that parents wish the best for their children, and strive hard to fulfil their demands. But this is not always a good idea as it affects both the parents and children in a negative way in the long run.
Consumer education also involves