Skip to main content

Chapter 14

 How Home Depot Brings Value by Marycruz 

Home Depot recognizes the responsibility they have for the environment. Home Depot is committed to offering products that are safer for the environment by selling greener products, and do things that can make a difference to the health and well being of millions of people and their communities. Home Depot offers an eco option. In October 2017 Home Depot was committed to working with suppliers to reduce the indoor air quality impact of chemicals used in the products they sell. For a products to be classified as an Eco Options product the supplier must document attributes that prove it has less of an impact on the environment than comparable products in the same category. This is really important because by doing so Home Depot will continue to keep customers who really have an importance of keeping and using environmentally friendly products. This is how they bring value to their customers. 






Home Depot Psychographics
By: Niousha Khosrowyar  

Over the last few years, buying environmentally friendly prod-ucts for the home has become an increasingly important consideration for homeowners looking to make "green" improvements to their living space. Consumers feel the need to add environmentally friendly, “green,” products and practices to their homes in order to make it healthier and more comfortable. The industry’s main stores, The Home Depot and Lowe’s, have added “green” products such as flooring, lighting, paneling, materials such as paint and varnish, appliances, heating and cooling systems, and electronics. As the world adjusts to “going green,” the Home Improvement Industry is adjusting to provide environmentally friendly products and options for the consumer. 


Comments

Popular posts from this blog

Chapter 1 and 2

Topics under chapter 1: Understanding why Consumers shop in the first place by Marycruz      Businesses look at understanding consumer behavior and trends so they can create goods and services that consumers will want. Home Depot is a great example of why consumers continuously buy home goods and why they visit the store. Home Depot offers products such as home appliances, hardware, and offer installation services. Mainly everything a consumer who owns a home or lives in an apartment might need.      Once they are there they go through the process of making decisions on whether to buy the product or not. Let’s visualize a consumer going in to shop and how they process making decisions. The first reason a consumer might want to visit Home Depot is that they need something for home improvement. They recognize their problem which could be that they need a new refrigerator because they know that the one they currently have is not keeping their food cold...

Chapter 4

  How Homedepot placed their brand on top of the consumer's taxonomic category By Dean This section is about impression and being “the brand” on top of people's minds when they’re thinking of something to satisfy their needs. When something gets broken in the house or apartment people think of going to Home Depot to buy parts. That’s when you know a brand is at the superordinate level, It’s the level in the taxonomic category where consumer classifies it as the pioneer in that sector. Home Depot was able to position itself in the knowledge structure of their target consumers by being consistent with their marketing communications and by defining key schemas . One of the most identifiable schema that Home Home Depot has is its brand image ; it's favorable, unique, and easy to remember. Since designing a brand image is not an easy task The company has gone through ample time of research and iterations.  SOURCE :https://corporate.homedepot.com/newsroom/orange-sign-building...

Chapter 8

  How Home Depot Uses Framing to Attract Customers by Marycruz   One of Home Depot marketing strategy is using broad differentiation to bring in customers. It includes offering unique products or services to comete against other home improvement retailers like Lowes. The second strategy that they use is cost leadership to maintain leadership in an increasingly tough competitive market. Home Depot’s objectives are to offer high quality service and products. For example, the customers include carpenters or contractors will be able to find what they need at a low cost and by framing their commercials and their slogan which is, to be able to find everyday low priced items. With framing their marketing with their slogan, “ More Saving. More Doing” they will remain at the top of stores customers will buy from.    High-Effort Consumer Decisions By Alejandra Gonzalez In high-effort decisions, a consumer takes steps in order to make the right purchases. At first they decide w...