• Can afford designer labels and bespoke products.
• Willing to spend on expensive food items.
Merchandising strategies
special offers- “buy 3 for 2” offers, weekly specials
own brand goods- cheaper.
Factors influencing consumer choice
Income, preference, advertising, marketing, packaging, other people
Field research
Collecting new data from the world or public, include surveys interviews, observations. Aim is to gutter first hand information on consumers behaviours, preferences and experiences.
Field research, advantages and disadvantages
Advantages- provide detailed insight into consumer behaviour, data is highly relevant.
Disadvantages- time consuming, more expensive than desk research, may involve smaller sample sizes
Desk research
Secondary research, involves analysing data collected by someone else. Includes reports studies publications, statistical data and order information available. It’s used to analyse existing information to identified trans patterns and insight that can inform decision-making
Desk research advantages and disadvantages
advantages
Cost-effective and less time-consuming than field research.
Useful for historical comparisons and trend analysis.
disadvantages
Data may not be specific or relevant to the particular research question.
Quality and accuracy of data can vary, depending on the source.
Potential for outdated information
Benefits of consumer research for the retailer
Help and understanding consumer needs and preferences. Retailers can adapt an innovate to stay ahead of competitors. Insight into feedback allows for adjustments that enhance satisfaction.
Benefits of consumer research for the consumer
Improvement and quality of products and services enables companies to understand consumer preferences
Sources of consumer information
Surveys and questionnaires, social media, government reports
Consumer right
Right to truthful information, the right to choice, right to value for money, right to safety right to redress
Consumer responsibility
To be well informed, to be aware of quality, to follow instructions, to complain, to avoid waste
Consumer protection
Sale of goods and supply of services act 1980
Consumer protection act 2007
Sale of gods and supply of services act 1980
enforces that goods sold must be of good quality and fit for intended purpose and match their description.
Services must be provided with proper care with necessary skills - consumers are entitled to redress if goods do not comply with standards prohibited signs that attempt to restrict write such as no refunds.
Consumer protection act 2007
Defence consumers against misleading advertising, incorrect or misleading pricing.
Establishes direct offences for misleading consumers and provides for enforcement by the competition and consumer protection commission
Statuary consumer protection agencies
Competition and consumer protection commission: offers advice and information, and forces consumer laws
Office of the ombudsman: handles complaints against public service providers
Citizen information board: provides information advice
National standards of authority of Ireland: overseas national standards for both products and services to ensure quality and safety
European consumer centre Ireland: provides support for consumers shopping in the EU
Voluntary consumer protection agencies
Consumers association of Ireland: nonprofit organisation offering advice and information on consumer rights
Making a consumer complaint
Contact retailer, formal complaint, statuary or voluntary agency, small claims court