answersLogoWhite

0


Best Answer

Consumer insight is a flash of understanding on the part of a marketer regarding an unidentified or unmet need in the marketplace, or a new/better way to satisfy an existing need.

It is NOT about a product or service, as Mike suggests. It's about a consumer need that isn't being met as well as it could be. The marketer's challenge, having recognized the insight, is to find a way to capitalize on the thinking that identified the need. That could lead to a product or service, of course, but the insight is independent of the solution.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is consumer insight?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is consumer insight used for?

The consumer insight is usually used for helping customers have an idea when they really don't know if a product is really good, or really bad. It's really useful.


Consumer buyer behavior?

Consumer buyer behavior is the process of understanding why consumers buy the products they purchase. Managers typically study consumer needs and pricing strategies for insight.


If you read consumer report magazine your are employing this information-gathering strategy?

If you read consumer report magazine, you are employing this information-gathering strategy in your marketing plans. This will give you insight on the consumer demands in the market as well as the relevant trends that are being used for marketing purposes.


WhaT IS genuine insight?

WHAT IS GENUINE INSIGHT..AN EXAMPLE? WHAT IS GENUINE INSIGHT..AN EXAMPLE?


What is wpp group what type of services do they offer?

The WPP Group is an advertising and communications company. The WPP Group provides advertising, branding, consumer insight, digital services and media services.


What part of speech is the word insight?

The word "insight" is a noun.


What are consumer reports used for?

The magazine and the website of Consumer Reports is used to help consumers make informed decisions when buying goods and or services. They have been around for quite some time and do a very good job of giving regular people insight and information on all types of products.


Is the word insight the plural form of insight?

No, "insight" is not the plural form of itself. The plural form of "insight" is "insights".


When was OR Insight created?

OR Insight was created in 1988.


What is the homophone for insight?

The homophone for insight is incite.


What is the homonym for insight?

incite is the homonym for insight


When was Insight Global created?

Insight Global was created in 2001.