MKG102_Assessment1_Forum_Partcipation_Part_B_Module5.Docx Page 1 of 3 ASSESSMENT BRIEF Subject Code and Title MKG102 - Consumer Behaviour Assessment Forum Participation (Part B) Individual/Group...

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MKG102_Assessment1_Forum_Partcipation_Part_B_Module5.Docx Page 1 of 3 ASSESSMENT BRIEF Subject Code and Title MKG102 - Consumer Behaviour Assessment Forum Participation (Part B) Individual/Group Individual Length 750 words (+/- 10%) Learning Outcomes a) Explain the meaning of consumer behaviour and its role in marketing strategy development. b) Apply the concept of the consumer decision-making model to provide insights into consumer buying processes. c) Categorise the needs and wants of consumers and their underlying motivations d) Analyse the psychological processes affecting consumer behaviour. e) Identify social and cultural influences on consumer behaviour. Submission Part B: By 11:55pm AEST/AEDT Second Sunday of Module 5 (Week 9). Peer responses can be completed in the week it is due and/or two (2) days after the due date. Weighting 20% Total Marks 100 marks Context: The aim of the forum participation assessment is to provide a framework to encourage student engagement, to encourage collaboration and foster valuable perspectives gained from shared learning experiences. These assessed forums promote critical thinking in the application of theory into practice. Students will be able to reflect on their own efforts, and extend and enrich this reflection by exchanging feedback on their peers' work. Instructions: 1. Please select a marketing communications example from a company e.g. Television commercial, You-tube video, Social media site, Website , Billboard, poster, print advertisement etc., 2. Apply relevant consumer behaviour theory in your analysis of it in the discussion forum. MKG102_Assessment1_Forum_Partcipation_Part_B_Module5.Docx Page 2 of 3 In this discussion students should focus more on the theory provided in the lecture /notes and essential readings that relate to the first four (4) modules of topics. It is very important that students engage with consumer behaviour theory in your analysis and reference it appropriately. 3. Summarise your findings and post your response to the discussion forum. 4. After you post you will see everyone else's posts so please read and comment on at least two (2) student posts. Submission Instructions: As a preparation step, create a word/text document and develop a response with relevant references. Click on the Module 5 discussion forum and create a new thread and copy from your word document and paste in your response. Note you will not be able to see other student posts until you have posted yours. Please do not attach the word document in your post. MKG102_ ForumParticipation_Part b_Module3 Page 3 of 3 Learning Rubric: Assessment 2: Forum Participation B Assessment Attributes Fail (Unacceptable) Pass (Functional) Credit (Proficient) Distinction (Advanced) High Distinction (Exceptional) Relate consumer behavior theory to marketing strategy. 70 % Little or no evidence of preparation or referencing. Limited understanding of consumer behavior theory and it’s application to marketing strategy. Some evidence of preparation and referencing. Satisfactory understanding of consumer behavior theory and it’s application to marketing strategy. Limited use of references. Good evidence of preparation and referencing. Good understanding of consumer behavior theory and it’s application to marketing strategy. Good engagement of references and coursework Very good evidence of preparation and referencing. Very good understanding of consumer behavior theory and it’s application to marketing strategy. Very good engagement of references and coursework terminology and theory over multiple weekly topics. High level of preparation and referencing. Outstanding understanding consumer behavior theory and it’s application to marketing strategy. Outstanding engagement of references and coursework terminology and theory over multiple weekly topics. Provided meaningful and thoughtful feedback to at least two (2) peer responses. 30 % No feedback provided. Minimal feedback provided Good peer feedback provided and engagement in the discussion. Meaningful and detailed feedback provided. Very good engagement in the discussion forum. Meaningful and detailed feedback provided. Outstanding engagement in the discussion forum.
Answered Same DayApr 14, 2021MKG102

Answer To: MKG102_Assessment1_Forum_Partcipation_Part_B_Module5.Docx Page 1 of 3 ASSESSMENT BRIEF Subject Code...

Soumi answered on Apr 18 2021
130 Votes
Running Head: CONSUMER BEHAVIOUR AND MARKETING             1
CONSUMER BEHAVIOUR AND MARKETING    5
    
MKG102
CONSUMER BEHAVIOUR AND MARKETING
Table of Contents
Introduction    3
Consumer behavio
r models and theories and effective marketing    3
Conclusion    5
References    6
    
.
Introduction
Every individual possesses a certain set choices, based on which they buy or purchase a product. Consumer behavior is simply the study of customer’s choices in terms of buying, using or disposing of ideas, services and goods in order to satisfy their needs and wants. In simpler term, it is the study of consumer’s motives against the actions performed in market place.
Consumer behavior models and theories and effective marketing
As mentioned by Pappas (2016), knowledge of consumer behavior against the product is very important in order to interpret future statistics of the product. Based on the consumer behavior observation, marketing strategies can vary greatly and can be a source of potential competitive advantage. Marketing strategies are nothing but tactics that are usually based on implicit and explicit study of customer’s beliefs and behavior.
As supported by Baker and Saren (2016), the study of consumer’s psychology can prove as a groundbreaking tool when it comes to reducing the odds and analyzing the good and bad of a decision. By the analysis of customer’s behavior, the unfulfilled needs and the potential wants of a customer can be determined and this can be done by scanning the trends and conditions operating in lifestyle, market area and income levels of the customer.
The best example of how consumer behavior analysis can lead to an effective marketing strategy has been presented by ‘Amazon’. Being an e-commerce company, Amazon successfully captures its customers’ attentions by providing interesting conceptual advertisements on the social...
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