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Learning Objective 1 – identify the main factors that influence consumer buyer behaviour
Learning Objective 2 – identify and discuss the stages in the buyer decision process
Cultural
- Exert the broadest and deepest influence on consumer behaviour
- Culture is the set of basic values, perceptions, wants and behaviours learned by a member of
society
- Cultural group is a group of people with shared value systems based on common life experiences
and situations
- Social classes are relatively permanent and ordered divisions in a society, whose members
shared similar values, interests and behaviours
Social
- Consumer behaviour is also influenced by social factors, such as the consumer’s household type
and reference groups, as well as social roles and status
- These social factors can strongly affect consumer responses, companies must take them into
account when designing strategies
- Household types: changing lifestyles and buying roles affect marketing decisions
Personal
- A buyer’s decision is also influenced by personal characteristics such as: age, occupation,
education, economic situation, personality & self-concept, consumer lifestyle
- Brand personality is the specific mix of human traits that may be attributed to a particular brand,
including sincerity, excitement, competence, sophistication, ruggedness
Psychological Influences
- Motivation = the driving force behind any action that leads to goal resulting from unfulfilled need
- Perception = is the process by which select, organise and interpret info to form a meaningful
picture of the world
- Learning = refers to the changes in an individual’s behaviour arising from experience
- Beliefs = is a descriptive thought that a person holds out something
- Attitudes = refers to a person’s consistently favourable or unfavourable evaluations, feelings and
tendencies toward an object/idea
The Buyer Decision Process
Post-purchase behaviour
- The stage of the buyer decision process in which the consumers take further action after the
purchase based on their satisfaction or dissatisfaction
- Cognitive dissonance is the discomfort or conflict caused by purchasing
Types of Buying Decisions
Initiator
User/
Influencer
Consumer Buying
Decision
Roles
Buyer Decider