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Consumer Behaviour
Consumer Behaviours Interdisciplinary
Roots - History
Definition
Consumer behavior is the study of consumers’ choices during
searching, evaluating, purchasing, and using products and
services that they believe would satisfy their needs.
Need to Study Consumer behaviour
• It is key to a company's survival, profitability, and
growth in a highly competitive marketing
environment.
• The study of consumer behaviour is to provide
marketers with the knowledge and skills, that are
necessary to carry out detailed consumer analyses
which could be used for understanding markets and
developing marketing strategies.
• Its ability to identify and satisfy unfulfilled consumer
needs better and sooner than the competitors.
• Thus, consumer behaviour helps in achieving
marketing goals.
Importance of Consumer Behaviour
• Marketing Programme: It consists of product,
price, promotion, and distribution decisions, can
be prepared more objectively.
• Consumer Differentiation: It is a key to fit
marking offers with different groups of buyers.
Ex. Each segment needs different products.
• Retention of Consumers - satisfying
• Developing New Products – modern needs
• Effective Use of Productive Resources - the
manager to make the organizational efforts
consumer-oriented.
The Scope of Consumer Behaviour
1. How do individuals make decisions to spend their
resources?
2. What they buy?
3. Why they buy it?
4. When they buy it?
5. Where they buy it?
6. How often they buy it?
7. How often they use it?
8. How do individuals dispose their purchases? - Do
they store it, throw it or give it away, sell it, rent it, or
lend it out?
Role of Consumer Behaviour –
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Classroom (Self-Learning)
Consumer Decision Making (1 of 2)
• Inputs
– Firm marketing efforts
– Sociocultural influences
• Process
– Psychological factors
– Need Recognition, Decision Type, Prepurchase Search,
Evaluation of Alternatives
– Learning
• Outputs
– Purchase
– Post-purchase evaluation
Consumer Decision Making (2 of 2)
Consumer Motives
2. Patronage Motives
a. Emotional
b. Rational
Types of Motives