This document outlines four types of buying decision behaviors:
1. Complex buying behavior where customers carefully research products and make thoughtful purchase choices. Marketers must help buyers learn about products and illustrate brand benefits.
2. Dissonance-reducing behavior where customers buy quickly and may experience regret, requiring marketers to provide support showing the brand was a good choice.
3. Habitual behavior where customers purchase out of habit without extensive research. Marketers use promotions to encourage habitual buying.
4. Variety-seeking behavior where customers seek novelty. Market leaders use reminders while challengers encourage variety through deals and samples.
This document outlines four types of buying decision behaviors:
1. Complex buying behavior where customers carefully research products and make thoughtful purchase choices. Marketers must help buyers learn about products and illustrate brand benefits.
2. Dissonance-reducing behavior where customers buy quickly and may experience regret, requiring marketers to provide support showing the brand was a good choice.
3. Habitual behavior where customers purchase out of habit without extensive research. Marketers use promotions to encourage habitual buying.
4. Variety-seeking behavior where customers seek novelty. Market leaders use reminders while challengers encourage variety through deals and samples.
This document outlines four types of buying decision behaviors:
1. Complex buying behavior where customers carefully research products and make thoughtful purchase choices. Marketers must help buyers learn about products and illustrate brand benefits.
2. Dissonance-reducing behavior where customers buy quickly and may experience regret, requiring marketers to provide support showing the brand was a good choice.
3. Habitual behavior where customers purchase out of habit without extensive research. Marketers use promotions to encourage habitual buying.
4. Variety-seeking behavior where customers seek novelty. Market leaders use reminders while challengers encourage variety through deals and samples.
- Customer carefully learn about the product - Developing beliefs about the product => attitudes => make a thoughtful purchase choice Ex : someone buying a new car might not know what models, attributes and accessories to consider or what prices to expect. => MKT-er’s role : + must understand the information gathering and evaluation behaviour of high- involvement consumers + help buyers learn about product class attributes and their relative importance + describing and illustrating the brand’s benefits through + must motivate store salespeople and the buyer’s acquaintances to influence the final brand choice.
2. Dissonance-reducing buying behaviour
- Buying quickly - Buying because it has a good price or comfortable - Then, customer might experience post-purchase dissonance because : + notice certain disadvantages of the purchased carpet brand or hear favourable things about brands not purchased => MKT-er’s role : + should provide evidence and support to help consumers feel good about their brand choices.
3. Habitual buying behaviour
- Consumers do not search extensively for information about the brands, evaluate brand characteristics, and make weighty decisions about which brands to buy - Passive learning => Beliefs => Purchasing behavior - out of habit rather than strong brand loyalty => MKT-er’s role : + use price and sales promotions to promote buying. + add product features or enhancements to differentiate their brands from the rest of the pack and raise involvement.
4. Variety-seeking buying behaviour
- Seeking the variety of product rather than because of dissatisfaction. => MKT-er’s role : + may differ for the market leader and minor Brands : dominating shelf space, keeping shelves fully stocked and running frequent reminder advertising + Challenger firms will encourage variety seeking by offering lower prices, special deals, coupons, free samples and advertising that presents reasons for trying something new.