CQU Assignment: Consumer Behavior - Utilitarian Products Acquisition
VerifiedAdded on 2023/06/12
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This report delves into consumer behavior, specifically focusing on the acquisition of utilitarian products. It examines research indicating that consumers often compensate for a perceived loss of control by purchasing utilitarian items such as household cleaning agents. The study highlights how framing a product as utilitarian can influence purchase intention and reveals a generalized tendency to seek solutions through the consumption of these products. While hedonic products cater to those preferring a luxury lifestyle, consumers exhibit clearer intentions when buying utilitarian goods. The report recommends that companies maintain a balance between hedonic and utilitarian offerings, address potential problems like limited availability of certain product types, and continuously monitor customer preferences and competitor strategies to foster brand loyalty. The analysis references several key studies in consumer research, emphasizing the importance of understanding consumer motivations and adapting business strategies accordingly. Desklib provides access to this assignment and a wealth of other study resources for students.
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