7103205 Consumer Buying Decision Process

download 7103205 Consumer Buying Decision Process

of 23

Transcript of 7103205 Consumer Buying Decision Process

  • 8/3/2019 7103205 Consumer Buying Decision Process

    1/23

    Consumer Buying Decision Process

  • 8/3/2019 7103205 Consumer Buying Decision Process

    2/23

    Objectives

    Determine how cultural, social, personal,

    and psychological factors influence

    consumer buying behavior. Describe how the consumer makes a

    purchasing decision.

  • 8/3/2019 7103205 Consumer Buying Decision Process

    3/23

    Model of Customer Buyer Behavior

  • 8/3/2019 7103205 Consumer Buying Decision Process

    4/23

    Consumer Buying Decision Process

    Who Makes the Buying DecisionWho Makes the Buying Decision

    Types of Buying DecisionsTypes of Buying Decisions

    Stages in the Buying ProcessStages in the Buying Process

    Marketers Must Identify and Understand:

  • 8/3/2019 7103205 Consumer Buying Decision Process

    5/23

    Outline the stages in the consumer

    decision process.

    Distinguish among three variations of

    the consumer decision process:routine, limited, and extended problem

    solving.

    The proper understanding of Consumer

    behavior helps the marketers in

  • 8/3/2019 7103205 Consumer Buying Decision Process

    6/23

    Consumer Buying Decision Process

    Five-Stage Model of the Consumer Buying Process

  • 8/3/2019 7103205 Consumer Buying Decision Process

    7/23

    Consumer Buying Decision Process

    Post-purchase Behavior:

    Consumers expectations are compared to

    performance

    Post-purchase satisfaction influences future

    behavior

    Purchasing behavior

  • 8/3/2019 7103205 Consumer Buying Decision Process

    8/23

    Psychological influences affectconsumer behavior, particularly

    purchase decision processes.

    Socio cultural factors influence on

    consumer behavior and their effects on

    purchase decisions.

  • 8/3/2019 7103205 Consumer Buying Decision Process

    9/23

    Consumer Buying Decision Process

    Post-purchase Behavior:

    Consumers expectations are compared to

    performance

    Post-purchase satisfaction influences future

    behavior

    Purchasing behavior

    Word-of-mouth communications

  • 8/3/2019 7103205 Consumer Buying Decision Process

    10/23

    Recognize how marketers can useknowledge of consumer behavior to

    better understand and influence

    individual and family purchases.

  • 8/3/2019 7103205 Consumer Buying Decision Process

    11/23

    Purchase decision process

    CONSUMER

    PURCHASE DECISION PROCESS

    http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2081http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2081
  • 8/3/2019 7103205 Consumer Buying Decision Process

    12/23

    Consumer Reportsevaluation of portable

    compact disc players (abridged)

    http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2081http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2081http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2081
  • 8/3/2019 7103205 Consumer Buying Decision Process

    13/23

    Alternative Evaluation: Assessing

    Value Evaluative criteria Evoked set

    Purchase Decision: Buying Value

    Postpurchase Behavior: Value in

    Consumption or Use Cognitive dissonance

    CONSUMER PURCHASE

    DECISION PROCESS

    http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2081http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2081http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2081http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2081http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2082http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2083http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2084http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2084http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2083http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2082
  • 8/3/2019 7103205 Consumer Buying Decision Process

    14/23

    Involvement and Problem-SolvingVariations

    CONSUMER PURCHASE

    DECISION PROCESS

    http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2085http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2085
  • 8/3/2019 7103205 Consumer Buying Decision Process

    15/23

    Comparison of problem-solving Variations

  • 8/3/2019 7103205 Consumer Buying Decision Process

    16/23

    Involvement and Problem-Solving

    Variations (cont)

    Routine Problem Solving

    Limited Problem Solving

    Extended problem Solving

    Involvement and Marketing Strategy

    Situational Influences

    CONSUMER PURCHASE

    DECISION PROCESS

    http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2086http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2086
  • 8/3/2019 7103205 Consumer Buying Decision Process

    17/23

    Influences onthe consumer

    purchase

    decision

    process

  • 8/3/2019 7103205 Consumer Buying Decision Process

    18/23

    Motivation and Personality

    Motivation

    Personality National character

    Self-concept

    Perception Selective Perception

    Subliminal perception

    Perceived Risk

    PSYCHOLOGICAL INFLUENCES

    ON CONSUMER BEHAVIOR

    http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2087http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2088http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2089http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2090http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2091http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2092http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2096http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2096http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2092http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2091http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2090http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2089http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2088http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2087
  • 8/3/2019 7103205 Consumer Buying Decision Process

    19/23

    Hierarchy

    of needs

  • 8/3/2019 7103205 Consumer Buying Decision Process

    20/23

    Learning

    Behavioral Learning Cognitive Learning

    Brand Loyalty

    PSYCHOLOGICAL INFLUENCES

    ON CONSUMER BEHAVIOR

    http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2097http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2098http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2098http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2097
  • 8/3/2019 7103205 Consumer Buying Decision Process

    21/23

    Values, Beliefs, and Attitudes

    Attitude Formation Attitude

    Beliefs

    Attitude Change

    Lifestyle

    PSYCHOLOGICAL INFLUENCES

    ON CONSUMER BEHAVIOR

    http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2093http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2094http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2095http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2095http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2094http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2093
  • 8/3/2019 7103205 Consumer Buying Decision Process

    22/23

    Personal Influence

    Opinion Leadership

    Word of Mouth

    Reference Groups

    Family Influence Consumer Socialization

    Family Life Cycle

    Family Decision Making

    SOCIOCULTURAL INFLUENCES

    ON CONSUMER BEHAVIOR

    http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2099http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%20100http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%20101http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%20102http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%20103http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%20103http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%20102http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%20101http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%20100http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%2099
  • 8/3/2019 7103205 Consumer Buying Decision Process

    23/23

    Social Class

    Culture and SubcultureAfrican-American Buying Patterns

    Hispanic Buying Patterns

    Asian Buying Patterns

    SOCIOCULTURAL INFLUENCES

    ON CONSUMER BEHAVIOR

    http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%20104http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%20105http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%20105http://var/www/apps/conversion/current/tmp/scratch29971/#Slide%20104