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Lecture 5

; consumer behavior :
Consumer behavior :
 Consumer behavior : can be defined as a the process and
activities people engage in when searching for selecting
,purchasing ,using , evaluating , and deposing of products and
services so as to satisfy their needs and desires .

 - marketers success in influencing purchase behavior depends


on how they understand consumer behavior .

 - the consumer `s decision process is generally viewed as


consisting of stage through which the buyer passes in
purchasing a product or service .
Factors important to understanding consumer markets and consumer behavior:

The size of the consumer market.

Changes in consumer shopping habits and purchase decisions.

Emphasis on consumer-oriented marketing.

The design of effective marketing strategy.

Culture:
The values, ideas, attitudes, and symbols that people adopt to
communicate, interpret, and interact as members of society

Cultural values directly influence how


Consumers view and use individual
products, brands, and services.
Values

The List of Values (LOV):


• Self-respect
• Warm relationships
• Self-fulfillment
• Sense of belonging
• Respect from others
• Excitement
• Security
• Sense of accomplishment
• Fun and enjoyment in life
Values and Lifestyles (VALS):
Identifies eight market segments that
share similar end values.
Social Class Influences

•• Social
Social Classes:
Classes:
–– Relatively
Relativelyhomogeneous
homogeneousdivisions
divisions
within
withinaasociety
societythat
thatcontain
containpeople
people
with
withsimilar
similarvalues,
values,needs,
needs,lifestyles,
lifestyles,
and
andbehavior.
behavior.
•• Family
Family influences
influences play
play two
two
important
important roles
roles in:
in:

–– The
Thesocialization
socializationof
ofpeople.
people.

–– Affecting
Affectingindividual
individualpurchase
purchase
decisions.
decisions.
Reference Groups:
Those others look to for help and guidance including friends,
co-workers, and others.
Personality:
Reflects a person’s consistent response to
his or her environment.

Personality traits related to consumer


behavior:
Extroversion
self-esteem
dogmatism (closed-mindedness)
aggressiveness
Elements of Who buys
When do consumer buy
consumer How consumer buy

behavior From where do consumer buy



Customer needs

Stated needs

Real needs

Unstated needs

Delight needs

Secret needs

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