Consumer buying behavior comparison in marketing

Information search[ edit ] Customer purchase decision, illustrating different communications touchpoints at each stage During the information search and evaluation stages, the consumer works through processes designed to arrive at a number of brands or products that represent viable purchase alternatives.

Hello Consumers in developing countries tend to be less individualistic than in developed ones. The Family life cycle: Consumer behaviour analysis is the "use of behaviour principles, usually gained experimentally, to interpret human economic consumption. Opinion leaders-- Spokespeople etc.

Family, reference groups and social classes are all social influences on consumer behavior. The decision model situates the black box in a broader environment which shows the interaction of external and internal stimuli e.

Consumers can also feel short-term regret when they avoid making a purchase decision, however this regret can dissipate over time.

Chapter 6 Class Notes

All operate within a larger culture. They may change their preferences related to their budget and a range of other factors. Personality factors include knowledge, attitudes, personal values, beliefsemotions and feelings.

The strength of the underlying need drives the entire decision process.

Consumer actions, in this instance, could involve requesting a refund, making a complaint, deciding not to purchase the same brand or from the same company in the future or even spreading negative product reviews to friends or acquaintances, possibly via social media.

Families, friends, sororities, civic and professional organizations.

10 Consumer Behavior Differences between Developed and Developing Countries

The evoked set is a term used to describe the set of brands that a consumer can elicit from memory and is typically a very small set of some 3- 5 alternatives. This is due to higher levels of consumer risk-aversion arising from the spotty quality of products and lack of sufficient information about existing alternatives.

US is not a classless society. Such brands will typically be excluded from further evaluation as purchase options. Aspiration groups want to belong to Disassociate groups do not want to belong to Honda, tries to disassociate from the "biker" group.

Culture also determines what is acceptable with product advertising. Consumers, depending on their geographic, demographic, psychographic and behavioural characteristics, will decide which attributes are important to them.

Throughout the entire process, the consumer engages in a series of mental evaluations of alternatives, searching for the best value.

Consumer behaviour

For example, one person may suggest the purchase category, another may search for product-related information while yet another may physically go to the store, buy the product and transport it home.

The elements of the model include: Part of any marketing program requires an understanding of which motives drive given product choices. Market segmentationespecially demographic segmentation based on socioeconomic status SES index and household life-cycle, also became fashionable.

This is also known as "post-purchase intention". Products from the western hemisphere are seen by developing cultures, as carrying western values that might harm their society as well as the local workforce.

Demographic factors include income level, psychographics lifestylesage, occupation and socio-economic status. Influences on purchase decision[ edit ] Purchasing is influenced by a wide range of internal and external factors.

The fact that a consumer is aware of a brand does not necessarily mean that it is being considered as a potential purchase.

No universal evaluation process is used by consumers across all-buying situations. Cultures of developed countries show no sign of adopting values from more inferior societies.Consumer buying behavior is based on perceived characteristics such as style, fashion or peer acceptance.

Emotional factors play a big part in consumers’ purchase decisions. Understanding consumer behavior is a vital aspect of marketing. Consumer behavior is the study of how people make decisions about what they buy, want, need, or act in regards to a product, service.

Buying Decision Process - offers an alternative explanation to the consumer buying decision Marketing research - provides background on how consumer behaviour concepts inform the research methods used in marketing, consumer behaviour, brand awareness and L. G. (), Consumer Behavior, Prentice Hall International, London; Schiffman.

Jul 20,  · Commentary and archival information about consumer behavior from The New York Times. Companies try to lock people into buying their products without comparison shopping.

Chapter 6 Class Notes Contents of Chapter 6 Class Notes. Buyers reactions to a firms marketing strategy has a great impact on the firms success. Understanding Consumer Buying Behavior offers consumers greater satisfaction (Utility).

We must assume that the company has adopted the Marketing Concept and are consumer oriented. Well, yeah they are people, but a person buying a product for themselves verses buying for their company is a very different, emotional experience.

In fact, there are profound differences that you must remember when developing your marketing activities. one marketing to the consumer to educate them on their product and the other marketing.

Consumer buying behavior comparison in marketing
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