Peternomics

Page 14

COLOUR PSYCHOLOGY IN MARKETING Colour psychology is the study of hues as a determinant of human behaviour. Arising from the principles of associative learning the relationship between colour and emotion holds much power, albeit subconsciously, in marketing. A particular colour palette can evoke certain emotions, convey subliminal messages and most importantly impact consumers’ decision making process. So it is clear that businesses must go further than viewing colour as purely an aesthetic addition in order to maximise their success. By simply creating an advert in colour as opposed to black and white it is read 42% more, this is without even taking into account the colours chosen. Red is a commonly used colour by major brands, such as Target, as it evokes strong emotions. This colour is dominant, immediately capturing potential consumers’ attention, a response key in an environment extremely saturated with competitors. Passion, excitement, urgency - a range of responses to this visual stimulant that enable marketers to provoke impulsive buying, acting upon desire. Red is also proven to encourage appetite therefore is frequently used often by fast-food chains like McDonalds. This is as a result of its physical effects on the body causing raised blood pressure and faster metabolism. Blue is another widely used colour in marketing, with its versatile nature meaning it can be used by a host of different companies. Associated with tranquillity, reliability and trust, blue offers a sense of security promoting trust in a brand. This is seen most evidently in American Express who use this colour to impart feelings of stability which is paramount in the banking industry. Thus, blue is the most common colour used for conservative, corporate brands. On top of this, blue is highly popular in social media logos as it is suggested to represent communication, a key aspect of a brand's media presence. Our associations with colours can vary depending on our cultural and personal backgrounds. This is seen through the colour yellow. In Japan it implies courage yet this is directly contrasted in South America where it is linked to cowardice. However, there are still generalisations scientists can make that when coupled with market research can prove highly accurate.

So, it is clear colours have the ability to amplify your marketing message. Speaking a language words cannot replicate, they can communicate with us on an emotional level thus are more effective at persuasion. If used strategically colour choices will reinforce and enhance a brands identity whilst harmonising with customers’ expectations: making it clear that businesses cannot rely upon simply choosing their favourite colours.

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THE SURPRISING LINK BETWEEN ART AND THE ECONOMY Maddie Gilbert

2min
page 57

CORONAVIRUS AND THE ECONOMY James Brown

3min
pages 58-60

TAX EVASION Frazer Fennell

2min
page 56

THE PRICE OF CYBERCRIME Harry Vincent

1min
page 55

BEHAVIOURAL ECONOMICS AND SUPERMARKET SHOPPING Millie Colemans

2min
page 54

SPONSORSHIP IN F1 Alex Rogers

2min
page 53

THE RISE OF SOUTH EAST ASIA Rory Lange

4min
pages 51-52

INSIDER TRADING Max Marshall

2min
page 50

GLOBAL PANDEMICS AND LUXURY GOODS Charlie Munns

2min
page 48

THE ECONOMIC CRISIS IN VENEZUELA Fabi Mattias

2min
page 49

THE ‘WINNERS’ FROM A PANDEMIC Ben White

3min
pages 46-47

THE AVIATION INDUSTRY Rose Liley

1min
page 45

COVID-19 AND TOURISM Charlotte Hill

2min
page 44

THE EFFECT OF LOCKDOWN ON DIFFERENT FIRMS Freya Visentin

2min
page 40

GLOBAL TRADE DURING LOCKDOWN Kate Pearson

2min
page 42

WILL GLOBAL CORPORATION TAX BE SUCCESSFUL? Jess Jones

2min
page 41

VACCINES AND UK PRODUCTIVITY Alex Zhong

1min
page 38

DO OUR PHONES KNOW US TOO WELL? Melissa Bell

2min
page 39

ABSURDLY EXPENSIVE ART Aanya Shukla

3min
page 37

SPORT GOVERNANCE AND MANAGEMENT Dylan Jones

2min
page 36

THE IMPACT ON TOPSHOP Novid Nuri

1min
page 35

HOW BUSINESSES ARE BECOMING MORE ECO-FRIENDLY Emily Rastrick

4min
pages 33-34

COVID-19 AND THE PUBLISHING INDUSTRY Brooke Taylor

3min
page 31

HOW THE ILLEGAL SALE OF DRUGS SAVED BANKS

2min
page 32

WAGE STAGNATION Kate Moodycliffe

2min
pages 27-28

IS AI THE FUTURE OF FARMING? Isaac Allison

3min
pages 29-30

GAZPROM AND SPORTS WASHING Will Contreras

2min
page 26

HOW WAR MAKES MILLIONAIRES Will Rebeiro

3min
pages 24-25

HOW HAVE SMALL FIRMS SURVIVED? Elise Horsfield

1min
page 23

THE WORLD’S MOST EXPENSIVE LIQUID Oaken Freach

2min
page 20

APPLE AND ANDROID Nat Esler

2min
page 17

THE ECONOMICS OF YOUTUBE Wilf LaValette

2min
page 22

2014 – A WORLD CUP DISASTER Joe Hornby

3min
pages 18-19

THE HIGH STREET DECLINE Emily Hardaker

2min
page 21

THE ESL Seb Baden-Thomas

2min
page 15

BEHAVIOURAL ECONOMICS AND NUDGE THEORY Elysia Uriwn

2min
page 16

COLOUR PSYCHOLOGY IN MARKETING Lucy Falconer

2min
page 14

HOW FIRMS REACT TO EXTERNAL EVENTS Leo Scrimshaw

3min
pages 9-10

THE IRRATIONALITY OF RATIONAL BEHAVIOUR Walter Tang

2min
page 7

THE ECONOMIC IMPACT OF QATAR 2022 Novid Nuri

2min
page 13

COVID-19 AND DELIVEROO Natalie Ning

1min
page 8

SOCIAL MEDIA INFLUENCES ON FASHION MARKETING Alice Wilson

2min
page 5

INCOME INEQUALITY IN THE UK Jack Rowe

3min
pages 11-12

INTERNATIONAL CORPORATION TAX Alex Freshwater

1min
page 4

THE IMPACT OF COVID-19 ON FARMING James Harvey

1min
page 6
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