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Definition
Need to analyze behavior Types
Influencing factors
Consumer buying process
Buying Behavior
Definition : The decision process and acts of people involved in
gathering.
Loyalty to a brand
risk.
Lot of time spent seeking information and deciding.
Impulse Buying
Basis - purchase of the same product does not always
THIS
or
THIS ??
going for the dinner- reason can be an anniversary celebration, or meal with a couple of friends.
Influencing factors:
Cultural Factors
Social Factors Psychological Factors
Cultural Factors
Cultural factors exert the broadest and deepest
influence
a) Culture
Social Factors
Consumers wants, learning, motives etc. are
Psychological Factors
A persons buying choices are influenced by 4 major
psychological factors
1.
Motivation
Need Recognition
Information Search
Evaluation of Alternatives
Purchase Decision
Post-purchase Behavior
marketing stimuli. Ex.- persons normal needs-hunger/ thrust rises to threshold level and becomes a drive.
Information search
An aroused consumer will be inclined to search for more
information
Internal search- memory. External search- if he needs more information. Friends and relatives (word of mouth); Marketer dominated
Contd..
Helps buyer find possible alternatives- i.e- the evoked
set.
Hungry- want to go out and eat,
evoked set is
Chinese food Indian food etc.
The consumer is trying to satisfy the needs. The consumer is looking for certain benefits from the product solution.
3.
Contd..
Attributes of interests to buyer :
Cameras : picture, sharpness, size ,price Hotels: Location ,cleanliness, atmosphere, price
search phase.
Post-Purchase Evaluation-outcome:
Satisfaction or Dissatisfaction.
Have you made the right decision? This can be reduced by warranties, after sales
communication etc.