Javed Abstract

8/2/2019 Javed Abstract

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A

PAPER PRESENTATION

STATE LEVEL SEMINAR

ON

CONSUMER BUYING BEHAVIOUR

PRESENTED BY

AGVAN JAVED H.

INSTITUTE NAME

K.K.PAREKH INSTITUTE OF MANAGEMENT

STUDIES, AMRELI

AT

N.R.VEKARIA INSTITUTE OF MANAGEMENT

STUDIES, JUNAGADH


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ABSTRACT:-

This paper presentation defines that consumer is a king of market that is why there is

need for marketer to studying consumer behaviour as a whole, it is basic

requirement for all marketer to check buying behaviour of consumer, Consumer

Buying Behavior the decision processes and acts of final household consumers

associated with evaluating, buying, consuming, and discarding products for personal

consumption Consider the purchase an automobile. You generally will not consider

different options until some event triggers a need, such as a problem needing

potentially expensive repair. Once this need has put you "on the market", you begin

to ask your friends for recommendations regarding dealerships and car models. After

visiting several dealerships, you test drive several models and finally decide on a

particular model.

INTRODUCTION:-

Customer behaviour study is based on consumer buying behaviour, with the

customer playing the three distinct roles of user, payer and buyer. Research has

shown that consumer behavior is difficult to predict, even for experts in the field.

Relationship marketing is an influential asset for customer behaviour analysis as it

has a keen interest in the re-discovery of the true meaning of marketing through the

re-affirmation of the importance of the customer or buyer. A greater importance is

also placed on consumer retention, customer relationship management,

personalisation, customisation and one-to-one marketing. Social functions can be

categorized into social choice and welfare functions.

MEANING:-

Consumer behaviour is defined as activities people undertake when obtaining

consuming and disposing of product and service. Simply stated consumer behaviour

has traditionally been thought of as the study of why people buy.


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DEFINITION:-

Consumer behaviour is the study of when, why, how, and where people do or do not

buy a product. It blends elements from psychology, sociology, social anthropology

and economics. It attempts to understand the buyer decision making process, both

individually and in groups. It studies characteristics of individual consumers such as

demographics and behavioural variables in an attempt to understand people's wants.

It also tries to assess influences on the consumer from groups such as family,

friends, reference groups, and society in general.

GROUP INFLUENCES ON CONSUMER BEHAVIOR

Culture

the set of basic values, beliefs, norms, and associated behaviors that are learned by

a member of society

Note that culture is something that is learned and that it has a relatively long lasting

effect on the behaviors of an individual. As an example of cultural influences,

consider how the salesperson in an appliance store in the U.S. must react to

different couples who are considering the purchase of a refrigerator. In some

subcultures, the husband will play a dominant role in the purchase decision; in

others, the wife will play a more dominant role.

SocialClass

a group of individuals with similar social rank, based on such factors as occupation,

education, and wealth

ReferenceGroups

groups, often temporary, that affect a person's values, attitude, or behaviors

E.g., your behaviors around colleagues at work or friends at school are

probably different from your behaviors around your parents, no matter your

age or stage in the family life cycle. If you were a used car salesperson, how

might you respond differently to a nineteen year old prospect accompanied by

her boyfriend from one accompanied by two girlfriends?
http://en.wikipedia.org/wiki/Consumerhttp://en.wikipedia.org/wiki/Consumer


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Opinionleader

a person within a reference group who exerts influence on others because of

special skills, knowledge, personality, etc.

o You might ask the webmaster at work for an opinion about a particular

software application. Software manufacturers often give away free beta

copies of software to potential opinion leaders with the hope that they

will in turn influence many others to purchase the product.

Family

a group of people related by blood, marraige, or other socially approved relationship

ENVIRONMENTAL/SITUATIONAL INFLUENCES ON CONSUMER BEHAVIOR

Do you like grapes? Do you like peas?

You might like grapes as a snack after lunch, but probably not as a dessert after a

fancy meal in a restaurant. You might like peas, but probably not as a topping on

your pancakes. Everyday situations cause an interaction between various factors

which influence our behaviors. If you work for tips (a form of incentive related to

commission) as a waiter or waitress, you must certainly be aware of such

interactions which can increase or decrease your sales.

If you are doing your Saturday grocery shopping and are looking for orange juice,

you are probably much more sensitive to price than if you stop at the quick store late

at night, when you are tired and cranky, after a late meeting at the office. A prospect

shopping for a new automobile while debating the wisdom of a necessary expensive

repair to his car might be more interested in what cars are on the lot than in shopping

for the best deal that might involve a special order.


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INTERNAL INFLUENCES ON CONSUMER BEHAVIOR

personality

a person's distinguishing psychological characteristics that lead to relatively

consistent and lasting responses to stimuli in the environment

We are each unique as individuals, and we each respond differently as consumers.

For example, some people are "optimizers" who will keep shopping until they are

certain that they have found the best price for a particular item, while other people

are "satisficers" who will stop shopping when they believe that they have found

something that is "good enough." If you are a salesperson in a retail shoe store, how

might you work differently with these two personalities?

lifestyle and psychographics

lifestyle is a pattern of living expressed through a person's activities,

interests, and opinions

psychographics is a technique for measuring personality and lifestyles to

developing lifestyle classifications

motivation: multiple motives

Consumers usually have multiple motives for particular behaviors. These can be a

combination of:

manifest

known to the person and freely admitted

latentunknown to the person or the person is very reluctant to admit

Note: different motives can lead to the same behavior; observing behavior is not

sufficient to determine motives.


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CONSUMER BUYING BEHAVIOR:-

Information search

Once the consumer has recognised a problem, they search for information on

products and services that can solve that problem. Belch and Belch (2007) explain

that consumers undertake both an internal (memory) and an external search.

Sources of information include:

Personal sources

Commercial sources

Public sources

Personal experience

The relevant internal psychological process that is associated with information

search is perception. Perception is defined as "the process by which an individual

receives, selects, organises, and interprets information to create a meaningful

picture of the world". Consumers' tendency to search for information on goods and

services makes it possible for researchers to forecast the purchasing plans of

consumers using brief descriptions of the products of interest.

The selective perception process

Stage Description

Selective exposure consumers select which promotional messages they will

expose themselves to. Selective attention consumers select which promotional messages they will

pay attention to.

Selective comprehension consumer interpret messages in line with their

beliefs, attitudes, motives and experiences.

Selective retention consumers remember messages that are more meaningful

or important to them.


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The implications of this process help develop an effective promotional strategy, and

select which sources of information are more effective for the brand.

Information evaluation

At this time the consumer compares the brands and products that are in their evoked

set. How can the marketing organization increase the likelihood that their brand is

part of the consumer's evoked (consideration) set? Consumers evaluate alternatives

in terms of the functional and psychological benefits that they offer. The marketing

organization needs to understand what benefits consumers are seeking and

therefore which attributes are most important in terms of making a decision. It also

needs to check other brands of the customers consideration set to prepare the rightplan for its own brand.

Purchase decision

Once the alternatives have been evaluated, the consumer is ready to make a

purchase decision. Sometimes purchase intention does not result in an actual

purchase. The marketing organization must facilitate the consumer to act on their

purchase intention. The organization can use a variety of techniques to achieve this.

The provision of credit or payment terms may encourage purchase, or a sales

promotion such as the opportunity to receive a premium or enter a competition may

provide an incentive to buy now. The relevant internal psychological process that is

associated with purchase decision is integration. Once the integration is achieved,

the organization can influence the purchase decisions much more easily.

Postpurchase evaluation

The EKB model was further developed by Rice (1993) which suggested there should

be a feedback loop, Foxall (2005) further suggests the importance of the post

purchase evaluation and that the post purchase evaluation is key due to its

influences on future purchase patterns. After the purchase, the consumer might

experience dissonance about their purchase and be alert to information that supports

their decision. Marketing communications should supply beliefs and evaluations that

reinforce the consumers choice and help him or her feel good about the brand.


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