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Amstrong 05-1
Amstrong 05-1
Chapter 5:
Consumer Markets
and Buyer Behavior
Learning Objectives
• Objective 1: Define the consumer market and
construct a simple model of consumer buyer behavior.
Learning Objective 1
• Define the consumer market and construct a simple
model of consumer buyer behavior.
Learning Objective 2
• Name the four major factors that influence consumer
buyer behavior.
Personal Factors
VALS Lifestyle
Personal
Spending income
Interest
Copyright © 2016 Pearson Education, Inc. 5-19
Characteristics Affecting Consumer Behavior
Personal Factors
Sincerity Excitement
Psychological Factors
Perceptual Processes
Selective Selective
attention distortion
Selective
Copyright © 2016 Pearson Education, Inc. 5-26
retention
Characteristics Affecting Consumer Behavior
Psychological Factors
Selective attention is the tendency for people to screen out most of
the information to which they are exposed.
Psychological Factors
• Learning is the change in an individual’s behavior
arising from experience and occurs through the
interplay of:
Drives Stimuli
Need Recognition
Need recognition is the first stage of the buyer
decision process, in which the consumer
recognizes a problem or need triggered by:
• Internal stimuli
• Normal needs become strong enough to drive
behavior
• External stimuli
• Advertisements
• Friends of friends
• Sources of information:
• Personal sources
• Commercial sources
• Public sources
• Experiential sources
• Innovators
• Early Adopters
• Early Mainstream
• Late Mainstream
• Lagging Adopters
Complexity Divisibility