Professional Documents
Culture Documents
Chapter 4
Consumer Markets
and
Consumer Buyer Behavior
Consumer Buying Behavior 5-2
Buyer’s Characteristics
Decision Buyer’s Black Box Affecting
Process Consumer
Behavior
Consumer Behavior
Culture
Social
Personal
Psychological
Buyer
5-5
Factors Affecting Consumer Behavior:
Culture
• Most basic cause of a person's wants and
behavior.
• Values
• Perceptions
Subculture Social Class
• Groups of people with shared • People within a social class
value systems based on tend to exhibit similar buying
common life experiences. behavior.
• Hispanic Consumers • Occupation
• African American Consumers • Income
• Asian American Consumers • Education
• Mature Consumers • Wealth
5-6
Factors Affecting Consumer Behavior:
Social
Groups
•Membership
•Reference
Family
•Husband, wife, kids Social Factors
•Influencer, buyer, user
Lifestyle Identification
Activities Opinions
Interests
VALS 2 5-8
Strugglers
Minimal Resources
5-9
Factors Affecting Consumer Behavior:
Psychological
Motivation
Learning
Maslow’s Hierarchy of Needs 5-10
Self
Actualization
(Self-development)
Esteem Needs
(self-esteem, status)
Social Needs
(sense of belonging, love)
Safety Needs
(security, protection)
Physiological Needs
(hunger, thirst)
Types of Buying Decisions 5-11
High Low
Involvement Involvement
Significant Complex Variety-
differences Buying Seeking
between
brands
Behavior Behavior
Few Dissonance- Habitual
differences Reducing Buying
between
Buying
brands Behavior Behavior
The Buyer Decision Process 5-12
Need Recognition
Information Search
Evaluation of Alternatives
Purchase Decision
Postpurchase Behavior
The Buyer Decision Process 5-13
Need Recognition
Difference between an actual state and a desired state
• Hunger • TV advertising
• Thirst • Magazine ad
• A person’s normal • Radio slogan
needs
•Stimuli in the
environment
The Buyer Decision Process 5-14
Degree of Importance
Which attributes matter most to me?
Brand Beliefs
What do I believe about each available brand?
Evaluation Procedures
Choosing a product (and brand) based on one
or more attributes.
The Buyer Decision Process 5-16
Purchase Intention
Desire to buy the most preferred brand
Attitudes Unexpected
of others situational
factors
Purchase Decision
The Buyer Decision Process 5-17
Consumer’s Expectations of
Product’s Performance
Product’s Perceived
Performance
Satisfied Dissatisfied
Customer! Customer
Cognitive Dissonance
Stages in the Adoption Process 5-18
Awareness
Interest
Evaluation
Trial
Adoption
Adoption of Innovations
Percentage of Adopters
5-19
Early
34% 34% Laggards
Adopters
13.5% 16%
2.5% Time of Adoption
Early Late
Influences on the Rate of Adoption 5-20
of New Products
Product
Divisibility Characteristics Compatibility
Can the innovation Does the innovation
be used on a fit the values and
trial basis? experience of the
target market?
Complexity
Is the innovation
difficult to
understand or
use?