Thanks to visit codestin.com
Credit goes to www.scribd.com

0% found this document useful (0 votes)
33 views26 pages

Consumer Behaviour

Uploaded by

Mansi Gurav
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
33 views26 pages

Consumer Behaviour

Uploaded by

Mansi Gurav
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 26

Consumer Behaviour

Introduction to Consumer Behaviour

Consumer Behaviour is a field of study that examines how individuals, groups, or


organisations select, purchase, use, and dispose of products, services, experiences, or
ideas to satisfy their needs and desires. According to Michael Vaz and Vipul, understanding
consumer behaviour is crucial for marketers as it helps them to design better marketing
strategies, product offerings, and communication methods tailored to the specific needs of
their target customers.

Meaning of Consumer Behaviour

Consumer behaviour refers to the actions and decision-making processes of buyers as they
seek, purchase, use, and evaluate goods and services. It involves understanding the
psychological, social, and cultural factors that influence their purchasing decisions. This
understanding allows marketers to predict how consumers will react to different marketing
stimuli, helping businesses to meet consumer needs more effectively.

Features of Consumer Behaviour

1. Dynamic Process:
Consumer behaviour is constantly evolving due to changes in consumer preferences,
technological advancements, and societal trends. For example, the shift towards online
shopping reflects changes in consumer behaviour driven by technology.

2. Complex Nature:
It involves a wide range of factors including psychological, social, and personal influences.
For instance, a consumer’s decision to buy a luxury car might be influenced by their
self-image, social status, and personal aspirations.

3. Involves Decision-Making:
Consumer behaviour encompasses the decision-making process, from recognizing a need
to post-purchase evaluation. For example, a consumer deciding to buy a smartphone will go
through various stages like recognizing the need, searching for information, evaluating
alternatives, making the purchase, and finally using and evaluating the product.

4. Influenced by Multiple Factors


Cultural, social, personal, and psychological factors all play a role in shaping consumer
behaviour. For instance, cultural norms might dictate the type of products considered
appropriate, while social influences like peer pressure can affect brand choice.

5. Customer-Centric
Understanding consumer behaviour is crucial for businesses to become customer-centric.
By knowing what drives consumer choices, businesses can offer products that meet
consumer needs more effectively.

Buying Process

The buying process involves several stages through which consumers move before making
a purchase decision. these stages are:

The consumer behaviour process refers to the steps a consumer goes through when
deciding whether or not to purchase a product or service. This process typically includes five
stages: **need recognition, information search, evaluation of alternatives, purchase decision,
and post-purchase behaviour**. Here’s an example to illustrate each step of the process:

1. Need Recognition

- The process begins when a consumer realises they have a need or a problem that
requires a solution.

- Example-Sarah is a university student. Her old laptop has started malfunctioning


frequently, and she realises she needs a new one to keep up with her assignments and
projects. This recognition of the need for a reliable, functional laptop triggers the start of the
buying process.

2. Information Search

- Once the need is recognized, the consumer seeks information about products that can
fulfil that need. The search can be internal (based on previous experience) or external
(seeking new information from various sources).

- Example: Sarah begins searching for information on the best laptops for students. She
asks her friends for recommendations, reads online reviews, visits tech websites, and
checks out product specifications. She also visits electronics stores to see the laptops in
person and gathers brochures to compare different models and brands.

3. Evaluation of Alternatives

- After gathering information, the consumer evaluates different products or brands against
each other. Factors such as price, features, brand reputation, and personal preferences play
a role in this stage.

- Example: Sarah narrows down her choices to three laptops: one is a budget-friendly
model with basic features, another is mid-range with better performance and battery life, and
the third is a high-end model with top-tier specs and a sleek design. She considers her
budget, the importance of portability, battery life, and how each laptop will meet her
academic needs.

4. Purchase Decision

- In this stage, the consumer makes a final decision on which product to buy. This decision
may be influenced by the consumer's evaluation, external influences like marketing
promotions, or even emotional factors.

- Example: After careful consideration, Sarah decides to purchase the mid-range laptop. It
offers the best balance between price and features, and she feels it will be reliable for her
studies. She places the order online, opting for a model that comes with a student discount
and a two-year warranty.

5. Post-Purchase Behaviour

- After the purchase, the consumer reflects on the decision and their level of satisfaction.
This stage can lead to post-purchase feelings like satisfaction or regret, and can influence
future buying behaviour.

- Example: After using the laptop for a few weeks, Sarah is very satisfied with her
purchase. It meets her needs perfectly, and she feels confident that she made the right
choice. Her positive experience leads her to write a favourable review online and
recommend the laptop to her classmates. On the other hand, if she were unhappy with the
laptop’s performance, she might return it or leave a negative review, affecting the brand's
reputation.

This example demonstrates how a consumer goes through each stage of the
decision-making process, influenced by both rational and emotional factors, before arriving
at a final purchase decision.

Understanding this process helps businesses anticipate customer needs and create
strategies to guide them through each stage effectively.

Types of Buyers

1. Individual Buyers

- Individual buyers, also known as personal consumers, purchase goods and services for
personal use, for their family, or for their household. Their buying decisions are influenced by
personal preferences, lifestyle, income, and psychological factors. These buyers are often
motivated by the need to satisfy basic needs (like food and clothing) or to fulfil desires and
aspirations (like purchasing a new gadget or luxury item).
- Example- A young professional buys a new smartphone primarily for personal use. They
may consider factors such as brand reputation, camera quality, price, and operating system
when making their decision. Their purchase is driven by a desire for better communication,
social media engagement, and entertainment.

2. Organisational Buyers

- Organisational buyers purchase goods and services on behalf of organisations such as


businesses, government agencies, and institutions. These purchases are typically made to
meet the needs of the organisation rather than for personal use. The buying process in
organisations is often more complex, involving multiple stakeholders, a longer
decision-making process, and considerations such as cost-effectiveness, supplier reliability,
and product specifications.

- Example: A procurement manager at a manufacturing company is responsible for buying


raw materials like steel and components for production. Their decision-making process
involves evaluating suppliers based on factors like price, quality, delivery times, and the
supplier's track record. The purchase is made to ensure smooth production operations and
meet the company's output goals.

3. Impulsive Buyers

- Impulsive buyers make spontaneous, unplanned purchases driven by immediate desires


or emotional reactions. These buyers do not necessarily need the product, but they are
attracted by factors such as a product’s packaging, a limited-time offer, or an appealing store
display. Impulsive buying is often triggered by emotions such as excitement, curiosity, or
even stress relief.

- Example: While shopping for groceries, a customer sees a beautifully packaged box of
chocolates on sale near the checkout. Even though it wasn’t on their shopping list, they
decide to buy it on a whim, driven by the attractive packaging and the temptation of a sweet
treat.

4. Rational Buyers:

- Rational buyers make decisions based on careful analysis, logical reasoning, and
detailed information. They weigh the pros and cons of each option, focusing on factors such
as quality, price, durability, and overall value. These buyers typically avoid emotional
influences and instead prioritise making a purchase that meets their practical needs.

- Example- A buyer in the market for a new refrigerator spends several weeks researching
different models. They compare energy efficiency ratings, storage capacity, brand reputation,
and prices across multiple retailers. After thorough consideration, they choose the model
that offers the best combination of features and value for money.

5. Emotional Buyers
- Emotional buyers make purchasing decisions based on feelings rather than logic. Their
choices are influenced by emotions such as love, happiness, fear, or pride. These buyers
are often attracted to products that evoke positive feelings or help them express their
personality and values.
- Example-A parent buys an expensive toy for their child’s birthday, not because it’s the
most practical option, but because they want to see the joy on their child’s face. The
purchase is driven by the emotional satisfaction of making their child happy.

6. New Buyers

- New buyers are those who are making a purchase in a product category for the first time.
They often require more information and guidance, as they are unfamiliar with the options
available. New buyers may be cautious and rely heavily on recommendations, reviews, or
expert advice to make their decision.

- Example: A recent college graduate buying their first car is considered a new buyer. They
may seek advice from family and friends, read online reviews, and visit multiple dealerships
before deciding on a car that fits their budget and lifestyle.

7. Repeat Buyers

- Repeat buyers are customers who have previously purchased a product or service and
are returning to buy it again. These buyers have experience with the product and are likely to
have established a preference for a particular brand or supplier. Repeat buyers often
demonstrate loyalty, particularly if they had a positive experience with their previous
purchase.

- Example: A customer who regularly purchases the same brand of coffee because they
enjoy the taste and quality exemplifies a repeat buyer. They may not even consider other
brands because they are satisfied with their current choice.

8. Discount-Driven Buyers

- Discount-driven buyers are highly motivated by price reductions, deals, and special
offers. They actively seek out discounts, promotions, and sales events to maximise their
savings. These buyers often prioritise getting the best price over other factors like brand
loyalty or product features.

- Example: A shopper waits for the Black Friday sales to buy a television, aiming to get the
best deal possible. They may compare prices across multiple stores and websites, looking
for the biggest discounts before making a purchase.

9. Brand-Loyal Buyers :

- Brand-loyal buyers have a strong preference for a particular brand and consistently
purchase its products, often without considering alternatives. Their loyalty may be based on
positive past experiences, trust in the brand, or alignment with the brand’s values.
Brand-loyal buyers often advocate for their preferred brand, influencing others to choose it
as well.

- Example- A customer who always buys Nike running shoes because they trust the
brand’s quality and feel that it aligns with their active lifestyle is a brand-loyal buyer. Even if
other brands offer similar products at a lower price, they stick with Nike.

10. Value-Seeking Buyers

- Value-seeking buyers focus on getting the best combination of quality, features, and
price. They look for products that offer the most value for their money, considering not just
the initial cost but also factors like durability, performance, and long-term benefits. These
buyers are often willing to pay more upfront if they believe the product will provide greater
value over time.

- Example - A consumer purchasing a kitchen appliance like a blender may choose a


higher-priced model because it has better reviews for durability, a longer warranty, and
additional features that will make it more useful in the long run, representing better overall
value.

11. Innovative Buyers:

- Innovative buyers are early adopters who are drawn to the latest products, technologies,
and trends. They are often willing to take risks on new products and are motivated by the
desire to be among the first to experience something new. These buyers are typically
knowledgeable about the latest market trends and enjoy being trendsetters in their social
circles.

- Example-A tech enthusiast who pre-orders the newest smartphone as soon as it’s
announced, eager to try out its cutting-edge features before anyone else, is an innovative
buyer. They are motivated by curiosity and the appeal of owning the latest technology.

12. Negotiating Buyers

- Negotiating buyers enjoy the process of bargaining and are motivated by the challenge
of getting a better deal. They often seek opportunities to negotiate the price, terms, or added
benefits before making a purchase. These buyers are assertive and confident in their ability
to secure favourable terms.

- A customer buying a car might spend hours negotiating with the dealer to lower the
price, add extra features, or secure better financing terms. The satisfaction of getting a better
deal is a key motivator for this type of buyer.

13. Ethical/Conscious Buyers

- Ethical or conscious buyers make purchasing decisions based on their personal values,
such as sustainability, fair trade, animal welfare, or social responsibility. They prefer to buy
products that align with their ethical beliefs, even if it means paying a premium. These
buyers are motivated by a desire to make a positive impact through their purchasing
choices.

- Example: A consumer might choose to buy clothing from a brand that uses organic
materials and ensures fair wages for workers, even if the price is higher than that of
fast-fashion alternatives. Their decision is driven by a commitment to ethical consumption.

Understanding these different types of buyers allows marketers to tailor their strategies,
products, and communication methods to better meet the specific needs and preferences of
each group, leading to more effective marketing and higher customer satisfaction.

Types of Buyer Behaviour

Buyer behaviour refers to the actions and decision-making processes of consumers when
they purchase goods or services. It varies depending on the type of product, the level of
involvement, the buyer's personal preferences, and the situation. According to various
models, there are four main types of buyer behaviour:

1. Complex Buying Behavior

- Complex buying behaviour occurs when a consumer is highly involved in a purchase and
perceives significant differences among brands. This type of behaviour is usually seen when
the product is expensive, infrequently purchased, risky, or highly self-expressive.

- Characteristics
- High involvement in the decision-making process.
- Extensive research and information gathering.
- Careful evaluation of different brands and products.
- Often involves significant time and effort.
- **Example**: When buying a new car, a consumer exhibits complex buying behaviour.
They consider various factors such as brand reputation, safety features, fuel efficiency, and
price. The decision-making process may include visiting multiple dealerships, test-driving
several models, reading reviews, and consulting with friends or experts before making a
purchase.

2. Dissonance-Reducing Buying Behaviour

- This type of behaviour occurs when the consumer is highly involved in the purchase but
sees little difference between brands. Since the differences between brands are minimal, the
consumer may make a quick decision, but after the purchase, they may experience buyer's
remorse or dissonance due to the high involvement and the perceived lack of differentiation.

- Characteristics
- High involvement but minimal differences between brands.
- Decisions are often based on factors like convenience or price rather than brand loyalty.
- Possible post-purchase dissonance, leading to second-guessing the decision.
- Example- Buying a carpet or flooring material is an example of dissonance-reducing
buying behaviour. The consumer may perceive the product as important and expensive but
may not see significant differences between brands. They might choose based on price or
availability and later question whether they made the right choice.

3. Habitual Buying Behaviour

- Habitual buying behaviour occurs when the consumer has low involvement in the
purchase and perceives little difference between brands. This behaviour is common for
low-cost, frequently purchased products. Consumers do not spend much time evaluating
options; they often buy the same brand out of habit or convenience.

- Characteristics
- Low involvement and minimal brand differences.
- Decisions are often routine and made out of habit.
- Limited information search and evaluation.
- Strong brand loyalty can develop over time.

- Example- Purchasing toothpaste is an example of habitual buying behaviour. A consumer


may repeatedly buy the same brand without thinking much about it, simply because it has
worked well for them in the past, and they see no reason to change.

4. Variety-Seeking Buying Behaviour

- Variety-seeking buying behaviour occurs when the consumer has low involvement in the
purchase, but perceives significant differences between brands. In this case, the consumer
often switches brands not because of dissatisfaction, but out of a desire for variety or
change.

- Characteristics
- Low involvement but noticeable brand differences.
- Frequent brand switching for the sake of variety, rather than loyalty.
- Purchases are often experimental or exploratory.

- Example: Snack foods like chips or cookies are often purchased with variety-seeking
behaviour. A consumer might buy one brand of chips one week and try a different brand the
next, not because they were unhappy with the first brand, but simply because they want to
try something new.

Understanding these types of buyer behaviour is crucial for marketers, as it helps them tailor
their strategies to align with the consumer's decision-making process.
For example, in complex buying situations, providing detailed information and comparisons
may be more effective, whereas in habitual buying, building strong brand loyalty is key.

Buying Motives
1. Rational Motives

- Rational motives involve purchases based on careful thought, logical reasoning, and
practical considerations. Consumers weigh the pros and cons, focusing on utility, durability,
price, and other measurable factors.

- Example: A consumer buying a laptop might prioritise features like processing power,
battery life, and cost. They might compare several models and read reviews to ensure
they're making a wise investment.

2. Emotional Motives

- Emotional motives are driven by feelings and personal sentiments. These can include
love, joy, fear, pride, or nostalgia. Such purchases are often impulsive, guided by how the
product makes the consumer feel.

- Example- A person buying a piece of jewellery may do so out of love for their partner or
because the item brings back cherished memories, rather than because they need it.

3. Patronage Motives

- These motives relate to why a consumer prefers a particular store or brand. Factors like
trust, customer service, loyalty programs, convenience, or past experiences can influence
these decisions.

- Example- A shopper might consistently choose to buy from a particular grocery store
because they trust the quality of the products, the staff is friendly, and it's conveniently
located.

4. Product Motives

- Product motives are linked to the specific attributes or benefits a product offers.
Consumers may be motivated by the product’s quality, design, innovation, or brand
reputation.

- Example-A consumer might choose an iPhone over other smartphones because of its
perceived superior design, innovative features, and brand reputation.

5. Situational Motives

- These motives arise from the context or situation in which a purchase is made. External
factors like weather, time constraints, or special occasions can prompt these decisions.

- Example- A person might purchase an umbrella from a nearby store during a sudden
rainstorm, even if they wouldn’t have considered buying one otherwise.

6. Social Motives
- Social motives are driven by the desire to fit in, gain social approval, or conform to the
expectations of a peer group. Consumers often make choices that reflect their social circles
or the image they want to project.

- Example-A teenager might buy the latest sneakers because their friends have them, and
they want to be seen as trendy and up-to-date with fashion.

7. Prestige Motives

- Prestige motives involve purchasing products that signify status, success, or high social
standing. These motives are often tied to the consumer’s desire for recognition, admiration,
or respect from others.

- Example-A business executive might purchase a luxury car like a Mercedes-Benz to


project success and gain the respect of their peers.

8. Fear Motives

- Fear motives are driven by the anxiety of potential negative outcomes, such as loss,
harm, or regret. Consumers make purchases to mitigate risks or avoid unpleasant
consequences.

- Example-Buying health insurance is often motivated by the fear of potential high medical
costs in the event of illness or injury.

9. Comfort Motives

- Comfort motives are about seeking physical or psychological ease. Products purchased
under this motive are intended to improve the consumer's comfort level, be it in daily
activities or lifestyle.

- Example: Purchasing an ergonomic office chair is driven by the desire for physical
comfort during long working hours.

10. Health Motives

- Health motives are related to the desire to maintain or improve one’s health and
well-being. Consumers are increasingly making choices that reflect their health-conscious
attitudes.

- Example- Choosing organic fruits and vegetables over conventionally grown produce is
often motivated by concerns for better health and avoiding harmful pesticides.

11. Curiosity Motives

- Curiosity motives are driven by the desire to explore new things, experiences, or
products. Consumers are often intrigued by novelty and want to satisfy their curiosity.
- Example: A tech enthusiast might purchase the latest gadget or try a new app simply to
explore its features and stay updated with technology trends.

12. Utility Motives

- Utility motives focus on the practical and functional aspects of a product. Consumers
look for products that serve a specific purpose or solve a problem.

Personality: Concept and Nature

Meaning

Personality is defined as the individual's characteristic pattern of behaviour, thoughts, and


emotions that are relatively stable over time and consistent across different situations. These
traits and characteristics influence how a person interacts with their environment, including
their buying habits, preferences, and brand choices.

Concept of Personality

Personality refers to the unique and enduring patterns of thoughts, emotions, and behaviors
that characterize an individual. It encompasses the consistent traits and characteristics that
define how a person interacts with the world around them. In the context of consumer
behavior, personality influences the preferences, choices, and purchasing decisions of
individuals.

Nature of Personality

1. Unique and Distinct:

- Personality is unique to each individual, making each person's behaviour and


preferences distinct. This uniqueness is why different consumers respond differently to the
same product or marketing message.

2. Consistent and Enduring:

- Personality traits are relatively stable and enduring over time. While certain aspects of
personality can evolve, core traits tend to remain consistent, influencing behaviour in
predictable ways.

3. Complex and Multi-dimensional:

- Personality is a complex construct that includes multiple dimensions, such as


temperament, character, values, and attitudes. These dimensions interact to form the overall
personality of an individual.
4. Influenced by Heredity and Environment:

- Personality is shaped by both genetic factors (heredity) and environmental influences


(upbringing, culture, life experiences). This interplay determines an individual's personality
traits and behaviours.

5. Influences Behaviour:

- Personality significantly impacts how individuals perceive and react to their environment.
In consumer behavior, it affects preferences, decision-making processes, and purchasing
patterns.

6. Role in Consumer Behavior:

- Understanding personality helps marketers predict consumer behaviour and tailor their
strategies accordingly. For example, a person with a high level of openness may be more
willing to try new products, while someone with high conscientiousness may prefer
well-established brands known for reliability.

Key Dimensions of Personality in Consumer Behavior

1. Openness to Experience:

- Reflects a person's willingness to try new things and embrace novel experiences. High
openness often correlates with a preference for innovative and unique products.

2. Conscientiousness:

- Indicates how organised, dependable, and goal-oriented an individual is. Consumers with
high conscientiousness may prefer products known for quality and reliability.

3. Extraversion:

- Measures the degree to which an individual is outgoing and social. Extroverted


consumers may be drawn to brands that promote social interaction and lively experiences.

4. Agreeableness:

- Reflects a person's tendency to be cooperative and compassionate. High agreeableness


may lead to preferences for brands that emphasise social responsibility and ethical
practices.

5. Neuroticism:

- Indicates the extent to which an individual experiences emotional instability and negative
emotions. Higher levels of neuroticism might make consumers more sensitive to negative
reviews and product failures.
By understanding these dimensions and the overall concept and nature of personality,
marketers can develop more effective strategies to appeal to different consumer segments
and enhance their engagement with target audiences.

Freudian Theory of Personality

Concept of Freudian Theory

Sigmund Freud's psychoanalytic theory of personality is one of the foundational theories in


psychology. According to Freud, human behaviour is the result of interactions among three
components of the mind: the id, ego, and superego. These elements work together to shape
an individual's personality and behaviour.

Components of Freudian Theory

1. Id
- The id is the primal, instinctual part of the mind that operates based on the pleasure
principle. It seeks immediate gratification of basic drives and desires, such as hunger, thirst,
and sexual impulses, without considering the consequences.

2. Ego
- The ego operates according to the reality principle. It mediates between the unrealistic
demands of the id and the external world, attempting to satisfy the id's desires in socially
acceptable ways. The ego is responsible for rational thought and problem-solving.

3. Superego
- The superego represents the internalized moral standards and ideals that we acquire
from our parents and society. It strives for perfection and judges our actions, leading to
feelings of pride or guilt. The superego works to suppress the urges of the id and tries to
make the ego act in a moral and ethical manner.

Relevance to Consumer Behavior

Freud's theory suggests that consumer behavior is influenced by unconscious motives and
desires. Marketers can tap into these unconscious desires by appealing to deep-seated
emotions and fantasies. For example, luxury brands often appeal to the id by promising
pleasure and gratification.

Non-Freudian Theories of Personality

Concept of Non-Freudian Theories

Non-Freudian theories, also known as neo-Freudian theories, build upon Freud's ideas but
diverge in significant ways. These theories place less emphasis on sexual and aggressive
drives and more on social and cultural factors, interpersonal relationships, and the conscious
mind.

Key Non-Freudian Theorists and Their Contributions

1. Carl Jung

- **Analytical Psychology**: Jung introduced the concept of the collective unconscious,


which includes shared memories and archetypes common to all humans. He also
emphasized the role of individuation, the process of becoming one's true self.
- **Consumer Behaviour**: Jung's theories suggest that consumers are influenced by
universal symbols and archetypes, which can be leveraged in branding and advertising to
create deep connections with consumers.

2. Alfred Adler

- **Individual Psychology**: Adler focused on the importance of social relationships and the
drive for superiority and power. He believed that individuals are motivated by their striving for
success and their desire to overcome feelings of inferiority.
- **Consumer Behaviour**: Adler's ideas imply that consumers are motivated by their need
to achieve status and success. Marketers can appeal to these motivations by positioning
products as symbols of achievement and prestige.

3. Karen Horney

- **Social and Cultural Factors**: Horney emphasised the role of social and cultural factors
in shaping personality. She introduced the concepts of basic anxiety and neurotic needs,
which arise from interpersonal relationships.

- **Consumer Behaviour**: Horney's theories suggest that consumers are influenced by


their need for security, love, and social approval. Marketing strategies can focus on creating
a sense of belonging and security to attract consumers.

Relevance to Consumer Behavior

Non-Freudian theories highlight the importance of social relationships, cultural context, and
conscious thought in influencing consumer behaviour. Marketers can use these insights to
develop strategies that resonate with consumers' social needs and cultural values.

By understanding both Freudian and non-Freudian perspectives on personality, marketers


can create more nuanced and effective strategies that address the complex motivations and
desires of consumers.

Personality Traits and Their Marketing Significance


Personality Traits:

Personality traits are intrinsic characteristics that influence how individuals consistently
behave, think, and feel across various situations. These traits are relatively stable over time
and can significantly shape consumer behaviour, preferences, and decision-making
processes. Understanding personality traits allows marketers to predict consumer responses
and tailor their marketing strategies accordingly.

Key Personality Traits in Marketing

1. Extroversion:

Extroversion refers to the degree to which a person is sociable, outgoing, and assertive.
Extroverts are energised by social interactions and prefer engaging in activities that involve
other people.

- Marketing Application:Marketers targeting extroverts focus on social experiences, events,


and group-oriented products. For example, products like party games, social networking
platforms, and travel packages are often marketed to extroverts. Advertisements may
emphasize the fun, excitement, and social benefits of using the product, such as "Join the
ultimate party experience" or "Connect with friends anywhere."

2. Agreeableness

- **Definition:** Agreeableness reflects an individual's tendency to be compassionate,


cooperative, and eager to maintain harmonious relationships. Agreeable individuals are
often empathetic and prioritise others' needs.

- **Marketing Application:** Brands that emphasise family values, ethical practices, and
social responsibility often appeal to highly agreeable consumers. Marketing messages that
highlight kindness, community support, and ethical consumption resonate with this trait. For
instance, a brand that donates a portion of its profits to charity or uses sustainable materials
may attract agreeable consumers. Campaigns might use slogans like "Make a difference
with every purchase" or "Together for a better world."

3. Conscientiousness:

- **Definition:** Conscientiousness is characterised by self-discipline, carefulness, and a


strong sense of responsibility. Conscientious individuals are organised, reliable, and
goal-oriented.

- **Marketing Application:** Conscientious consumers are drawn to products that offer


practical benefits, efficiency, and long-term value. Brands that emphasise durability, quality,
and reliability in their products appeal to this trait. For example, a financial planning app that
helps users manage their budgets effectively or a durable, high-quality appliance brand
would attract conscientious consumers. Marketing messages may focus on efficiency,
productivity, and the importance of planning, such as "Achieve your goals with ease" or "Built
to last."
4. Emotional Stability (Neuroticism):

- **Definition:** Emotional stability (the opposite of neuroticism) indicates the degree to


which a person experiences emotional consistency and resilience. Individuals low in
emotional stability are more prone to anxiety, mood swings, and stress.

- **Marketing Application:** Products that offer comfort, security, and peace of mind appeal
to individuals with low emotional stability. For example, insurance products, home security
systems, and wellness programs are often marketed to this group. Advertisements may
focus on reducing uncertainty and providing reassurance, with slogans like "Protect what
matters most" or "Find your peace of mind."

5. Openness to Experience:

- **Definition:** Openness to experience is associated with creativity, curiosity, and a


willingness to explore new ideas. Individuals high in openness are imaginative,
open-minded, and inclined towards unconventional experiences.

- **Marketing Application:** Marketers targeting consumers high in openness often


emphasise innovation, uniqueness, and creativity. Products such as cutting-edge technology,
art, and travel experiences that offer novel and diverse experiences are particularly
appealing to this group. Advertising strategies may highlight the adventurous and exploratory
nature of the product, with messages like "Discover the extraordinary" or "Unleash your
creativity."

Marketing Significance:

Understanding personality traits allows marketers to segment their audience more precisely
and tailor their products and communications to resonate with different consumer profiles.
This alignment leads to more effective marketing strategies and enhances brand-consumer
relationships.

- **Product Development:** By aligning product features with the dominant traits of a target
segment, brands can increase the likelihood of product adoption. For instance, an innovative
tech gadget with advanced features may appeal to consumers high in openness to
experience, who are drawn to cutting-edge technology and novel experiences. Conversely, a
product emphasising practicality and reliability might attract conscientious consumers who
value efficiency and durability.

- **Advertising and Messaging:** Personalised advertising that aligns with consumers'


personality traits is more persuasive and impactful. A conscientious consumer might respond
better to advertisements emphasising long-term benefits, practicality, and dependability,
such as "Invest in quality that lasts." In contrast, an extroverted consumer might be more
drawn to advertisements that showcase social interactions and lively environments, such as
"Join the fun with friends."

- **Brand Loyalty:**
Brands that resonate with consumers' personalities can build stronger emotional
connections, leading to increased brand loyalty and repeat purchases. When a brand
consistently aligns with a consumer's personality traits, the consumer is more likely to
develop a strong affinity for the brand. For example, a brand known for its adventurous and
innovative spirit might cultivate a loyal customer base among individuals high in openness to
experience.

- Market Segmentation:
Marketers can use personality traits to create distinct consumer segments and develop
targeted marketing strategies for each group. For instance, a fitness brand might segment its
audience based on traits such as conscientiousness (targeting consumers who value
discipline and self-improvement) and openness (targeting consumers who seek novel and
diverse workout experiences).

2. Product Personality

Product personality refers to the set of human-like characteristics associated with a product.
These characteristics can be consciously designed by marketers to align with the target
audience's preferences and expectations. The concept is based on the idea that consumers
often relate to products as if they have personalities, much like they do with people. This
perception influences their buying decisions, as consumers tend to choose products that
reflect their own personality or the personality they aspire to have.

Key Aspects of Product Personality:

1. Design and Aesthetics:

- **Visual Appeal:** The visual elements of a product, including its shape, colour, and
texture, play a crucial role in conveying its personality. For instance, a sleek, minimalist
design might convey sophistication and modernity, appealing to consumers who see
themselves as contemporary and stylish. On the other hand, a product with bright, playful
colors and rounded shapes might suggest a fun and energetic personality, attracting
consumers who value creativity and liveliness.
- **Packaging:** The way a product is packaged also contributes to its personality. For
example, eco-friendly packaging can convey a conscientious and responsible personality,
appealing to environmentally conscious consumers. Luxury products often use elegant,
high-quality materials in their packaging to convey exclusivity and sophistication.
- **Brand Logos and Symbols:** The design of a brand’s logo or symbol can also influence
the perceived personality of a product. A bold, angular logo might convey strength and
reliability, while a more whimsical logo could suggest creativity and fun.

2. Functionality and Performance:

- **Reliability:** The reliability and performance of a product contribute significantly to its


personality. For example, a highly reliable, durable product may be perceived as dependable
and trustworthy. Consumers who value stability and consistency are more likely to be drawn
to such products.
- **Innovativeness:** Products that incorporate cutting-edge technology or unique features
may be perceived as innovative and forward-thinking. This personality appeals to consumers
who prioritise progress and are eager to try the latest advancements.
- **Ease of Use:** A product that is easy to use and intuitive might be seen as user-friendly
and approachable. This personality is attractive to consumers who prefer simplicity and
convenience.

3. **Branding and Marketing Communications:**

- **Advertising Tone and Style:**


The tone, style, and language used in advertising campaigns also shape a product’s
personality. A brand that uses formal language and elegant imagery may lend the product a
sophisticated personality. In contrast, a brand that uses humour, vibrant colours, and casual
language might position the product as fun and approachable.

- **Celebrity Endorsements:**
The choice of a celebrity to endorse a product can influence its perceived personality. For
instance, a product endorsed by a tech-savvy entrepreneur might be seen as innovative and
aspirational, while a product endorsed by a sports star might be perceived as dynamic and
energetic.

- **Brand Storytelling:** The narratives and stories a brand creates around its products can
add depth to its personality. For example, a product with a backstory rooted in tradition and
craftsmanship might be perceived as authentic and reliable, appealing to consumers who
value heritage and quality.

Marketing Significance:

- **Consumer Identification:**
Consumers often choose products that align with their self-image or the image they wish to
project. By crafting a product personality that resonates with the target audience, marketers
can enhance consumer identification with the product. For instance, a luxury watch brand
that embodies sophistication and exclusivity appeals to consumers who see themselves as
refined and successful.

- **Brand Differentiation:**
In a crowded market, product personality helps differentiate a brand from its competitors.
Two brands offering similar products can carve out distinct niches by emphasising different
personality traits. For example, one athletic shoe brand might emphasise ruggedness and
durability, while another focuses on style and innovation. This differentiation allows
consumers to choose a brand that aligns with their personality and preferences.

- **Emotional Connection:**
A strong product personality can foster an emotional connection between the consumer and
the product, leading to greater brand loyalty and repeat purchases. Consumers are more
likely to develop a bond with products that they feel reflect their identity or values. For
example, a consumer might develop a strong emotional attachment to a car brand that they
perceive as adventurous and free-spirited, aligning with their own desire for exploration.
- **Long-Term Brand Equity:**
Over time, a well-defined product personality can contribute to building strong brand equity.
Consistent communication of the product's personality through marketing efforts helps
establish a lasting image in the consumer's mind. This lasting impression can increase brand
value

- **Long-Term Brand Equity (continued):**


- **Consistent Personality Across Products:** When a brand maintains a consistent product
personality across its entire product line, it helps to solidify the brand’s overall identity. For
example, Apple’s products are consistently associated with innovation, simplicity, and
elegance, contributing to strong brand equity. Consumers recognize and trust that each new
product will align with this established personality, leading to greater brand loyalty and a
willingness to pay premium prices.

- **Consumer Advocacy:** A strong product personality can turn customers into brand
advocates. When consumers feel that a product's personality resonates deeply with their
own, they are more likely to recommend it to others, thereby amplifying the brand’s reach
and influence through word-of-mouth marketing.

- **Crisis Management:** A well-established product personality can also serve as a buffer


in times of crisis. If a brand faces negative publicity or a product failure, a strong, positive
product personality can help maintain consumer trust and loyalty. Consumers who have
formed an emotional bond with the product are more likely to forgive occasional
shortcomings, as they see the product as an extension of themselves or their values.

3. Brand Personification

Brand personification involves attributing human-like characteristics to a brand, making it


easier for consumers to relate to it on a personal level. This technique leverages the human
tendency to assign personalities to inanimate objects or abstract concepts, allowing brands
to create deeper emotional connections with their audience. When done effectively, brand
personification can transform a brand from being just a name or a logo into a "character" that
consumers feel they know and trust.

Examples of Brand Personification

1. **Apple:**
- **Personified Traits:** Innovative, creative, forward-thinking, minimalist.
- **Marketing Strategy:** Apple personifies its brand as a leader in innovation, consistently
pushing the boundaries of technology. The brand is often depicted as cool, cutting-edge, and
user-friendly, appealing to consumers who see themselves as tech-savvy and progressive.
Apple's advertising and product design are characterised by simplicity and elegance,
reinforcing its personality as a sophisticated, modern, and creative brand.

2. **Coca-Cola:**
- **Personified Traits:** Cheerful, friendly, approachable, nostalgic.
- **Marketing Strategy:** Coca-Cola’s brand personality is built around happiness,
togetherness, and tradition. The brand’s advertisements often feature moments of joy, such
as sharing a Coke with friends or family, celebrating holidays, or enjoying a sunny day.
Coca-Cola’s consistent use of the color red, its iconic glass bottle shape, and its
long-standing slogan "Open Happiness" all contribute to its warm, inviting personality.

3. **Nike:**
- **Personified Traits:** Ambitious, driven, empowering, competitive.
- **Marketing Strategy:** Nike personifies itself as a brand that embodies athleticism,
determination, and excellence. The "Just Do It" slogan encourages consumers to overcome
obstacles and push their limits, aligning with Nike’s personality of empowerment and
resilience. Nike’s partnerships with top athletes and its focus on high-performance products
further enhance its image as a brand for winners and go-getters.

4. **Tesla:**
- Personified Traits:Innovative, futuristic, environmentally conscious, rebellious.
- Marketing Strategy:Tesla’s brand personification is centred around innovation and a
commitment to sustainable energy. Tesla is often seen as a disruptor in the automotive
industry, challenging traditional car manufacturers with its electric vehicles and
groundbreaking technology. The brand’s personality appeals to consumers who are
forward-thinking, environmentally conscious, and eager to embrace the future. Tesla’s
charismatic CEO, Elon Musk, also plays a significant role in shaping the brand’s
personification as bold and visionary.

Key Elements of Brand Personification

1. Character Creation:
- Mascots and Spokescharacters:** Some brands create mascots or characters that
embody the brand’s personality traits. These characters serve as a relatable face for the
brand, making it more approachable and memorable. Examples include the Geico Gecko,
the Michelin Man, and the M&M’s characters. These mascots often appear in
advertisements, social media, and promotional events, reinforcing the brand’s personality in
a fun and engaging way.

2. Tone of Voice:
- Consistent Communication Style:The tone of voice used in a brand’s marketing
communications plays a crucial role in brand personification. A brand that consistently uses
a warm, friendly tone may be personified as approachable and caring, while a brand that
uses a confident, assertive tone might be seen as authoritative and reliable. The choice of
language, humour, and even punctuation all contribute to how consumers perceive the
brand’s personality.

3. Brand Values:
- Core Values and Mission:The values that a brand upholds contribute significantly to its
personification. Brands that emphasise sustainability, social responsibility, or inclusivity are
often personified as caring, ethical, and community-oriented. For example, Patagonia’s
commitment to environmental causes personifies it as a brand that cares deeply about the
planet, appealing to consumers who share those values. These values are often
communicated through the brand’s actions, such as charitable donations, eco-friendly
practices, and advocacy for social causes.

4.Visual Identity

- Logos, Colors, and Imagery:The visual elements of a brand, such as its logo, colour
palette, typography, and overall design aesthetic, contribute to the brand’s personification.
For example, a brand that uses bold colors and sharp, geometric shapes might be
personified as dynamic and energetic, while a brand with soft colors and flowing lines might
be seen as gentle and nurturing. The imagery used in advertisements and on packaging can
also reinforce the brand’s personality by evoking specific emotions or associations.

- Consistency Across Platforms:Maintaining a consistent visual identity across all


platforms, including websites, social media, and physical products, helps reinforce the
brand’s personality. For instance, a brand that is personified as innovative and cutting-edge
might consistently use sleek, modern designs and high-tech visuals across all its
touchpoints, ensuring that consumers receive a uniform brand experience.

Marketing Significance of Brand Personification:

1. Emotional Connection:
- Enhanced Consumer Loyalty:When consumers perceive a brand as having a personality,
they are more likely to form an emotional bond with it, similar to how they would with another
person. This emotional connection can lead to increased brand loyalty, as consumers feel a
sense of affinity with the brand’s character and values. For example, consumers who
personify Nike as empowering and motivational might feel more inspired to purchase Nike
products as a way to reinforce their own identity as determined and goal-oriented individuals.

- Storytelling and Engagement:Brand personification allows for more effective storytelling


in marketing campaigns. By treating the brand as a character in a narrative, marketers can
craft stories that resonate with consumers on a deeper level. These stories can evoke
emotions, build a sense of community, and create memorable experiences that keep the
brand top-of-mind for consumers. For instance, an ad campaign that tells the story of a "day
in the life" of the brand’s character can help consumers visualise how the brand fits into their
own lives.

2. Differentiation in a Competitive Market:


- Unique Brand Identity:In a crowded marketplace, brand personification helps differentiate
a brand from its competitors by giving it a unique, relatable identity. Consumers are more
likely to remember and prefer brands that stand out with a distinct personality, especially if
that personality aligns with their own values and lifestyle. For example, in the automotive
industry, where many brands offer similar features and technology, Tesla’s personification as
a rebellious, forward-thinking brand sets it apart and attracts a specific segment of
consumers who identify with that persona.

- Adaptability Across Cultures: A well-crafted brand personality can transcend cultural


boundaries, making it easier for the brand to adapt to different markets. By emphasizing
universal traits like innovation, friendliness, or reliability, a brand can maintain a consistent
personality while also tailoring its messaging to resonate with local audiences. For example,
Coca-Cola’s personification as a cheerful and inclusive brand allows it to create campaigns
that appeal to diverse cultures while maintaining its core identity.

3. Crisis Management:
- Resilience Through Personality: A strong brand personality can help a brand navigate
crises more effectively. When consumers have a clear sense of the brand’s character, they
are more likely to forgive missteps and continue supporting the brand. For instance, if a
brand known for its honesty and transparency faces a public relations issue, consumers may
be more inclined to trust that the brand will handle the situation with integrity and openness.

- Rebuilding Trust:In cases where a brand’s reputation has been damaged, reinforcing its
personified traits through consistent, authentic communication can help rebuild consumer
trust. For example, a brand that personifies itself as caring and responsible might respond to
a crisis by taking swift, visible actions to rectify the situation, such as issuing a public
apology, offering compensation, or making changes to its practices.

4. Self-Concept

Self-concept refers to the overall perception and evaluation of oneself, encompassing


beliefs, feelings, and attitudes about one’s own identity. It includes various dimensions such
as self-esteem, self-image, and the ideal self. In consumer behaviour, self-concept plays a
crucial role in shaping purchasing decisions, as consumers often buy products and brands
that align with or enhance their self-concept.

Key Components of Self-Concept:

1. Actual Self:

- The actual self represents how individuals currently see themselves, including their
physical appearance, personality traits, and social roles. It reflects an individual’s present
reality and is based on their experiences, feedback from others, and self-reflection.

- Marketing Implication:Products that align with a consumer’s actual self are often
perceived as practical, necessary, or functional. For instance, a consumer who identifies as
health-conscious may be drawn to products that support a healthy lifestyle, such as organic
foods, fitness equipment, or wellness apps. Marketing messages that emphasise the
practical benefits and relevance of the product to the consumer’s current lifestyle are likely to
resonate with this group.

2. Ideal Self:
- The ideal self represents how individuals aspire to be, including their goals, dreams, and
the traits they wish to possess. It reflects an individual’s aspirations and desires for the
future.
- Marketing Implication: Products that align with a consumer’s ideal self often appeal to
their aspirations and desire for self-improvement. For example, luxury brands, fitness
programs, and educational courses may be marketed as tools for achieving the ideal self.
Advertisements that inspire or motivate consumers to "become their best selves" are
particularly effective in this context. For instance, a luxury car brand might market its vehicles
as symbols of success and achievement, appealing to consumers who aspire to project
these traits.

3. Social Self:

- The social self represents how individuals believe they are perceived by others. It
reflects the image they want to project in social settings and how they interact with their
social environment.
- Marketing Implication: Consumers are often influenced by how they think others perceive
them, and they may choose products that enhance their social image. Fashion, technology,
and personal care products are commonly marketed with a focus on social approval and
status. For instance, a smartphone brand might emphasise its sleek design and cutting-edge
features, appealing to consumers who want to be seen as tech-savvy and up-to-date with
the latest trends. Social media campaigns that encourage users to share their experiences
with the product can also reinforce its association with social acceptance and popularity.

4. Extended Self:

- The extended self includes all the external objects, people, and experiences that
individuals consider a part of their identity. This can include possessions, relationships, and
affiliations that contribute to one’s self-concept.

- Marketing Implication: Products that become part of the extended self are often seen as
integral to the consumer’s identity. For example, a person who identifies as an avid traveller
may consider their travel gear, souvenirs, and even the brands they associate with travel as
extensions of themselves. Marketing strategies that emphasise the emotional and symbolic
value of a product can tap into the extended self. Brands that encourage personalization or
customization can also strengthen this connection, as consumers feel a deeper sense of
ownership and identification with the product.

Marketing Significance of Self-Concept:

1. Consumer Behavior and Purchase Decisions:

- Alignment with Self-Concept: Consumers are more likely to purchase products that align
with their self-concept, whether it reflects their actual self, ideal self, or social self. For
example, a person who sees themselves as environmentally conscious might choose
eco-friendly products that align with their self-image. Understanding the self-concept of
target consumers allows marketers to position their products in a way that resonates with
these self-perceptions.

- Self-Enhancement:
Consumers often seek products that enhance their self-concept, helping them bridge the gap
between their actual and ideal selves. Brands that can effectively communicate how their
products contribute to self-improvement or self-fulfilment can motivate consumers to make
purchases. For instance, a fitness brand that promotes the idea of becoming stronger,
healthier, and more confident may attract consumers striving to achieve these ideals.
2. Brand Loyalty and Identity:

- Brand as Self-Expression:
When a brand aligns closely with a consumer’s self-concept, it becomes a means of
self-expression. Consumers may develop strong loyalty to such brands, as they see the
brand as an extension of their identity. For example, a consumer who identifies with the
adventurous and independent spirit of the Jeep brand may consistently choose Jeep
vehicles as a way to express their personality and values.

- Emotional Connection: A strong emotional connection with a brand can be fostered when
consumers feel that the brand understands and supports their self-concept. This connection
can lead to long-term brand loyalty and advocacy. For instance, a beauty brand that
emphasises inclusivity and self-acceptance may resonate deeply with consumers who value
diversity and authenticity, leading them to become loyal customers and brand advocates.

3. Segmenting and Targeting:

- Customised Marketing:By segmenting consumers based on their self-concept, marketers


can create more personalised and effective campaigns. For example, a fashion brand might
target different segments with tailored messages that reflect various aspects of self-concept,
such as promoting comfort and practicality for the actual self, or glamour and sophistication
for the ideal self.

- Psychographic Profiling:Understanding self-concept allows marketers to engage in


psychographic profiling, which goes beyond demographic data to explore the underlying
motivations, values, and lifestyle choices of consumers. This deeper understanding can
inform product development, positioning, and communication strategies, ensuring that the
brand resonates with the target audience on a more meaningful level.

4. Product Development and Innovation

- Addressing Consumer Aspirations:Products that help consumers achieve their ideal self
are likely to be well-received in the market. For example, a skincare brand that introduces a
new line of anti-aging products promising youthful and radiant skin appeals directly to
consumers’ desire to look their best, aligning with their ideal self. Innovations that cater to
these aspirations can create strong demand and brand loyalty.

- Customization and Personalization: Developing products that allow for customization or


personalization can enhance the consumer’s sense of ownership and connection to the
product. For instance, customizable features in automobiles, fashion items, or tech gadgets
enable consumers to tailor the product to reflect their personal identity, thereby
strengthening their emotional attachment to the brand.

- Innovation with a Purpose: Products that align with consumers’ self-concept, particularly
their social self or extended self, often include a purpose beyond their functional use. For
example, brands that develop products with sustainable materials appeal to environmentally
conscious consumers who see their purchase as a reflection of their commitment to
environmental causes. This alignment not only drives sales but also builds brand loyalty as
consumers feel that the brand contributes to their sense of purpose.

Marketing Strategies Influenced by Self-Concept:

1. Positioning and Messaging

- **Identity-Based Positioning:** Brands often position their products in a way that


resonates with the self-concept of their target audience. For instance, Dove’s "Real Beauty"
campaign positions its products as tools for enhancing natural beauty, aligning with the
self-concept of consumers who value authenticity and self-acceptance. This identity-based
positioning helps create a strong emotional connection with the target market.

- **Empowerment Messaging:** Brands that emphasize empowerment and


self-improvement in their messaging can effectively appeal to the ideal self. For example,
sportswear brands like Adidas and Under Armour often use motivational messaging that
encourages consumers to push their limits and achieve their personal best, tapping into their
aspirations and ideal self-image.

2. Brand Communities

- **Creating a Sense of Belonging:** Brands that align closely with the self-concept of their
consumers can foster strong brand communities. These communities, both online and
offline, allow consumers to connect with others who share similar values and identities. For
example, Harley-Davidson’s brand community brings together motorcycle enthusiasts who
identify with the brand’s rebellious and free-spirited personality. These communities reinforce
the brand’s connection to the consumer’s self-concept and drive deeper brand loyalty.

- **User-Generated Content:** Encouraging consumers to create and share content that


reflects their experiences with the brand can reinforce the alignment between the brand and
their self-concept. For instance, beauty brands often feature user-generated content on
social media, where consumers share their makeup looks or skincare routines using the
brand’s products. This not only boosts engagement but also strengthens the consumer’s
identification with the brand.

3. Long-Term Relationship Building

- **Lifecycle Marketing:** Understanding the evolution of a consumer’s self-concept over


time allows brands to adapt their marketing strategies to maintain relevance. For example, a
consumer’s self-concept may change as they age, gain new life experiences, or undergo
significant life events. Brands that recognize and respond to these changes—such as a
brand that offers products for different stages of life, like skincare for different age
groups—can build long-term relationships with their consumers.

- **Loyalty Programs:** Loyalty programs that reward consumers for their continued
engagement with the brand can enhance the relationship between the brand and the
consumer’s self-concept. These programs can offer personalised rewards that reflect the
consumer’s preferences and identity, making them feel valued and understood by the brand.
4. *Cultural and Social Relevance

- Aligning with Cultural Movements:*Brands that align with cultural or social movements
that resonate with their consumers’ self-concept can enhance their relevance and appeal.
For example, brands that support gender equality, environmental sustainability, or racial
inclusivity often attract consumers who see these causes as integral to their self-concept. By
publicly supporting these movements through campaigns, sponsorships, or product lines,
brands can strengthen their connection to these consumers.

-Adaptation to Social Trends


As social norms and trends evolve, so does the self-concept of consumers. Brands that stay
attuned to these changes and adapt their marketing strategies accordingly can remain
relevant and appealing. For instance, the rise of wellness and self-care trends has led many
brands to reposition their products as essential components of a healthy lifestyle, appealing
to consumers who identify with these values.

self-concept plays a crucial role in consumer behaviour, influencing how individuals perceive
and interact with brands. By understanding and aligning with consumers’
self-concepts—whether it’s their actual, ideal, social, or extended self—brands can develop
marketing strategies that foster strong emotional connections, drive brand loyalty, and
ultimately influence purchasing decisions. Brands that successfully integrate self-concept
into their product development, positioning, and messaging are more likely to resonate with
their target audience and achieve long-term success in the marketplace.

You might also like