Presentation: Consumer Behavior Research on Utilitarian Products
VerifiedAdded on 2023/06/12
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Presentation
AI Summary
This presentation summarizes research on consumer behavior, specifically focusing on the preference for utilitarian products over hedonic products. The research indicates that both baseline and low-control consumers tend to favor utilitarian products, especially when they are framed as functional. The presentation highlights a study that found framing products as utilitarian enhances consumer preferences, and low-control consumers showed greater interest. Recommendations for Wesfarmers include framing products as utilitarian to attract more consumers, reducing the import of luxurious items, investing more in utilitarian products, implementing effective utility marketing campaigns, and improving communication with consumers through social media. The presentation references several key articles in the field of consumer behavior to support its analysis and recommendations. Desklib provides access to similar presentations and solved assignments for students.
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