Buyer Behavior and Consumer
Decision Making Process
Factors Affecting Buyer Behavior
1. Personal Factors: These factors are unique to each individual and
can influence their buying decisions. This includes the age, income,
occupation, lifestyle, and personality.
2.Psychological Factors: These factors include perception,
motivation, learning, beliefs, and attitudes that can affect consumer
behavior.
Factors Affecting Buyer Behavior
3. Social Factors: These factors include family, friends, and other
social groups that can influence consumer behavior.
4. Cultural Factors: These factors include values, beliefs, customs,
and traditions that can influence consumer behavior.
Consumer Decision-Making Process
1. Problem Recognition: This is the first stage in the process where
a consumer realizes that they have a need or want that is not
being met. The consumer may experience a problem or an
opportunity that they want to address.
2. Information Search: In this stage, the consumer searches for
information on potential solutions to their problem or need. The
consumer may seek out information from various sources such as
friends, family, the internet, or other marketing channels.
Consumer Decision-Making Process
3. Evaluation of Alternatives: The consumer evaluates the different
options they have found and compares them based on different
criteria such as price, quality, and features.
4. Purchase Decision: After evaluating the alternatives, the
consumer makes a decision to purchase a particular product or
service.
5. Post-Purchase Evaluation: After making the purchase, the
consumer evaluates their satisfaction with the product or service.
They may also provide feedback to the seller or share their experience
with others.