Consumer Perception/Maslow’s hierarchy of needs

When researching into false advertising, I came across ‘Consumer Perception’.

Consumer perception

Merchants aim to increase their sales by determining what drives their customers’ purchase decisions. Consumer perception theory attempts to explain consumer behaviour by analysing motivations for buying — or not buying — particular items. Three areas of consumer perception theory relate to consumer perception theory: self perception, price perception and perception of a benefit to quality of life.

Consumer perception applies the concept of sensory perception to marketing and advertising. Just as sensory perception relates to how humans perceive and process sensory stimuli through their five senses, consumer perception pertains to how individuals form opinions about companies and the merchandise they offer through the purchases they make. Merchants apply consumer perception theory to determine how their customers perceive them. They also use consumer perception theory to develop marketing and advertising strategies intended to retain current customers — and attract new ones.

http://smallbusiness.chron.com/consumer-perception-theory-40176.html

 

 

This has also got me thinking about Maslow’s hierarchy of needs.

 

Physiological Needs

These include the most basic needs that are vital to survival, such as the need for water, air, food, and sleep. Maslow believed that these needs are the most basic and instinctive needs in the hierarchy because all needs become secondary until these physiological needs are met.

Security Needs

These include needs for safety and security. Security needs are important for survival, but they are not as demanding as the physiological needs. Examples of security needs include a desire for steady employment, health care, safe neighborhoods, and shelter from the environment.

Social Needs

These include needs for belonging, love, and affection. Maslow described these needs as less basic than physiological and security needs. Relationships such as friendships, romantic attachments, and families help fulfill this need for companionship and acceptance, as does involvement in social, community, or religious groups.

Esteem Needs

After the first three needs have been satisfied, esteem needs becomes increasingly important. These include the need for things that reflect on self-esteem, personal worth, social recognition, and accomplishment.

 Self-actualizing Needs

This is the highest level of Maslow’s hierarchy of needs. Self-actualizing  people are self-aware, concerned with personal growth, less concerned with the opinions of others, and interested fulfilling their potential.

 

maslows-hierarchy

 

http://psychology.about.com/od/theoriesofpersonality/a/hierarchyneeds.htm

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