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Consumer Psychology and Marketing Analysis

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Submitted By emilyanne1972
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Consumer Psychology And Marketing Analysis
Emily Anne Levin
PSY/322
December 9, 2013
Don Crabtree

Consumer Psychology and Marketing Analysis

Consumer psychology plays a very important role in defining what types of marketing are needed in order to create brand loyalty from the consumer. Throughout the years, from data that are collected using consumer psychology what has been found is that there is a much broader scope needed in consumer-behavior research in order to create a fine tuned marketing concept to not only have the consumer purchase an item, but to ultimately create brand loyalty, so the marketing does not need to be constantly changed. Where innovation is important in all areas of business need for constant innovation in marketing can be lessened through fine tuning the research of consumer psychology. In the article, “The Seven Sins of Psychology” by Michael Tuan Pham (2013), Pham expresses the need to create a larger scope in the research of consumer psychology. The article “The Consumer Psychology of Brands” (2012), author, Bernd Schmitt follows what Pham states by explaining how to create brand loyalty through marketing based upon the research of the behavior of the consumer.
According to "Brittanica.com" (n.d.), consumer psychology is the “branch of social psychology concerned with the market behavior of consumers. Consumer psychologists examine the preferences, customs, and habits of various consumer groups; their research on consumer attitudes is often used to help design advertising campaigns and to formulate new products.” This seems like a detailed definition, but to Michael Tuan Pham, author of the article “The Seven Sins of Consumer Psychology”, it is not. While Pham grants the field of consumer psychology as doing well and is quite inclusive (Pham, 2013). Pham also points out that consumer psychology is struggling in the areas of

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