Consumer markets

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Transcript of Consumer markets

Kotler • KellerPhillip Kevin Lane

Marketing Management • 14e

Analyzing Consumer Markets

Chapter 6

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Discussion Questions1. How do consumer characteristics

influence buying behavior?

2. What major psychological processes influence consumer responses to the marketing program?

3. How do consumers make purchasing decisions?

4. In what ways do consumers stray from a deliberative, rational decision process?

Defined

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The study of how individuals, groups, and organizations select, buy, use, and dispose of goods, services, ideas, or experiences to satisfy their needs or wants.

Consumer Behavior

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Consumer Behavior

Cultural Factors

Social Factors

Personal Factors

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Cultural Factors

Culture

Subculture

Social Class

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Average U.S. Outlays IN 2007

38.5% 15.5% 11.4% 8.5% 6.1%

4.8% 4.2% 3.3% 2.1%

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Social FactorsReference Groups

Family

Role and Status

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Personal Factors

Age

Life Cycle Stage

Personality

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Personal Factors

ValuesOccupation

Lifestyle

Economic situation

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Figure 6.1

Psychological Factors

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MotivationFreud

Maslow

Herzberg

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Figure 6.2

Maslow’s Hierarchy of Needs

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Perception

Selective Distortion

Selective Retention

Selective Attention

Subliminal Perception

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Learning

Driver

Cues

Discrimination

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Emotions

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Memory

Brand Associations

Mental Maps

Memory Processes

EncodingRetreival

Brand

Association

Association

Association

Association

Association

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Figure 6.3

Hypothetical State Farm Mental Map

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Figure 6.4

The Buying Decision Process

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Buying Decision Process

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Problem Recognition

Stimulus•Internal•External

“I’m Hungry”

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Information Search

Personal

Commercial Public

Experiential

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Figure 6.5

Successive Sets Involved in Consumer Decision Making

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Evaluation of Alternatives

Attitudes

Beliefs

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AttributeMemory Capacity

Graphics Capacity

Size and Weight Price

Model Weight: 40% Weight: 31% Weight: 20% Weight: 10%

A 8 9 6 9

B 7 7 7 7

C 10 4 3 2

D 5 3 8 5

Expectancy-Value Model

Model A = 0.4 (8) + 0.3(9) + 0.2(6) + 0.1(9) = 8.0Model B = 0.4 (7) + 0.3(7) + 0.2(7) + 0.1(7) = 7.0Model C = 0.4(10) + 0.3(4) + 0.2(3) + 0.1(2) = 6.0Model D = 0.4 (5) + 0.3(3) + 0.2(8) + 0.1(5) = 8.0

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Figure 6.6 Steps between Evaluation of

Alternatives and Purchase Decision

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Purchase Decision

Noncompensatory Models

A B

Brand

Dealer

Quantity

Timing

Payment method

Purchase subdecisions

Choice Heuristics:•Conjective •Lexicographic•Elimination-by-aspect

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Postpurchase BehaviorPostpurchase Satisfaction

Postpurchase ActionsDefect

Loyal

Dissatisfied

Satisfied

Delighted

Stay or Go

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Figure 6.7

How Customers Use or Dispose of Products

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Moderating Effects

Low-involvement

Variety seeking

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Behavioral Decision Theory

Decision Heuristics

Decision Framing