Consumer Control & Product Choice: Wesfarmers Utilitarian Approach
VerifiedAdded on 2023/06/12
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Presentation
AI Summary
This presentation analyzes a research article on how consumer control deprivation motivates the acquisition of utilitarian products. The research indicates that consumers, particularly those experiencing a loss of control, prefer utilitarian products over hedonic ones due to the perception that they are less likely to cause regret or guilt. The presentation recommends that Wesfarmers, a major retail organization, should focus on framing their products as utilitarian to attract more consumers, reduce the import of luxury items, and promote the usefulness of existing luxury products. The presentation also suggests creating effective utility marketing campaigns, prioritizing service, and maintaining communication with consumers through social media platforms to gain long-term consumer loyalty. Desklib provides access to similar solved assignments and resources for students.
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