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Click to edit Master title style CONSUMER BEHAVIOUR

Click to edit Master text styles Second level Third level Fourth level Fifth level
STUDY OF CONSUMER MIND

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Click to edit Master title style Let Us Learn


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for

A
2

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Click to edit Master title style AGENDA


Click to edit Master text styles INTRODUCTION Second level INSIGHTS Third level Fourth level BUYING SITUATIONS Fifth level BUYING BEHAVIOUR
BUYING DECISION PROCESS

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A LEADING INDIAN TV COMPANY IN THE COUNTRY IS

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Click to edit Master text styles MARKET SHARE. Second level ITS SALES ARE GOING DOWN . Third level THEY HAVE HIRED YOU TO SOLVE THE PROBLEM. Fourth level MAKE TWO PRESENTATIONS IN NEXT 10 MINUTES Fifth level
WITH TWO DIFFERENT PERSPECTIVES TO SOLVE THE PROBLEM.

FINDING IT VERY DIFFICULT TO MAINTAIN THEIR

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INTRODUCTION

A LEADING TOY COMPANY IN THE COUNTRY IS

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Click to edit Master text styles MARKET SHARE. Second level ITS SALES ARE GOING DOWN . Third level THEY HAVE HIRED YOU TO SOLVE THE PROBLEM. Fourth level MAKE TWO PRESENTATIONS IN NEXT 10 MINUTES Fifth level
WITH TWO DIFFERENT PERSPECTIVES TO SOLVE THE PROBLEM.

FINDING IT VERY DIFFICULT TO MAINTAIN THEIR

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Click to edit Master title style What is your wish-list ?


A. On to edit Master text styles Click Attendance B. On lecture delivery and Taking Control C. On speed and clarifications Second level D. Level of Interaction Third level E. Pedagogy F. Evaluation Fourth level G. Onlevel formation Fifth Group
H. On Group presentations I. Any other Issue .??? E.g Mobile phone

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INTRODUCTION

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NEEDS, WANTS Click DEMANDS AND to edit Master

PRODUCTS AND SERVICES

text styles

VALUE, UTILITY SATISFACTION QUALITY EXCHANGE

Second level Third level MARKETS Fourth level Fifth level RELATIONSHIPS

TRANSACTIONS CORE MARKETING CONCEPTS


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INTRODUCTION

Click to edit Master title style CONSUMER BEHAVIOUR


Click to edit Master text styles THE BEHAVIOUR THAT CONSUMERS DISPLAY Second level FOR, PURCHASING, USING, IN SEARCHING EVALUATING, AND DISPOSING OF PRODUCTS Third level AND SERVICES THAT THEY EXPECT WILL SATISFY THEIR NEEDS. Fourth level Fifth level
STUDY OF HOW INDIVIDUALS MAKE DECISIONS TO SPEND THEIR AVAILABLE RESOURCES <TIME MONEYEFFORT> ON CONSUMPTION RELATED ITEMS.
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INTRODUCTION

STUDY OF : * WHAT THEY BUY Click to edit Master text styles * WHY THEY BUY IT Second level * WHEN THEY BUY IT * Third level WHERE THEY BUY IT * HOW OFTEN THEY BUY IT, AND, Fourth level * HOW OFTEN THEY USE IT STUDY OF Fifth level THE PROCESSES BY WHICH CONUMERS MAKE DECISIONS. MORE SPECIFICALLY, IT IS CONCERNED WITH HOW CONSUMERS ACQUIRE ORGANIZE AND USE INFORMATION TO MAKE CONSUMPTION CHOICE. marketingteacher@gmail.com
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Click to edit Master title style CONSUMER BEHAVIOUR

INTRODUCTION

CB : A SYNTHETIC FIELD OF STUDY

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PSYCHOLOGY text styles

SOCIAL Click to edit Master PSYCHOLOGY

Second level Third level Fourth level Fifth level


ANTHROPOLOGY

CONSUMER BEHAVIOUR

SOCIOLOGY
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INTRODUCTION

Click STUDY OF CB style to edit Master title


PROVIDES INSIGHTS Click to edit Master text styles WHY CONSUMERS BUY GOODS Second level AND SERVICES Third level HOW THEIR PURCHASE Fourth level DECISIONS ARE MADE, AND, Fifth level FACTORS THAT INFLUENCE THEIR DECISION-MAKING PROCESSES
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INSIGHTS

Clickto edit Master title style? to look for insights Where


Click to edit Master text not brands Consumers buy benefitsstyles
You need to examine the target Second level consumers reasons not to buy the brand vs. its level Third competition
Current purchase barriers Fourth level The functional reasons not to buy the brands vs. Fifthcompetition - today level
The rational reasons not to buy the brand vs. competition today The emotional reasons not to buy the brand vs. competition - today
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4 benefits barriers which are Click to edit and form the basis usually quoted Master title style of consumer insights Click to edit Master text styles Second level I dont know Third level Fourth level I dont want I dont Fifth level believe I have already got benefits

INSIGHTS

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INTRODUCTION

STUDY OF title Click to edit Master CB style


Third level Fourth level Fifth level IN MAKING BETTER HELP THEM
TO MARKETERS : KNOWLEDGE OF ClickAND HOW INDIVIDUALS MAKE to edit Master text styles WHY Second level THEIR CONUMPTION DECISIONS

STRATEGIC MARKETING DECISIONS AND IN PREDICTING HOW CONSUMERS ARE LIKEY TO REACT TO VARIOUS INFORMATIONAL AND ENVIRONMENTAL CUES.
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Click to edit Master title style Impact of Emerging Digital


technologies
Click to edit have more power than ever Consumers Master text styles before. Second level Consumers have access to more information than ever Third level before. Marketers can and must offer more services and products Fourth level than ever before. The exchange between marketers and Fifth level is increasingly interactive and customers

instantaneous. Marketers can gather more information about consumers more quickly and easily. Narrowcasting Impact reaches beyond the pc based connection to the web. marketingteacher@gmail.com
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Click to edit Master title style Challenges marketers face


Click to edit Master text styles Technology and Innovation may throw any Second level product out of market Third level Mobile v/s Camera Fourth level Ipod v/s Blu ray disc Fifth level Flash drive v/s hard disk LCD V/s plasma v/s CRT
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Click to edit Master text styles Production concept : Ford Product level window, Second concept : Mirror versustime and PDA (saving on efforts) Third level : Insurance, Encyclopedia Selling concept Marketing : Sustainable , Societal, Ethical Fourth level TESCO, TATA, Microsoft Delivering desired satisfaction Fifth level than the competition. better

Click to between Marketing Linkage edit Master title style concepts and CB

To fulfill the needs of the target audience in ways that improve society as a whole, while fulfilling the objectives of the organizations.
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INPUT

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PROCESS NEED RECOGNITION PSYCHOLOGICAL FIELD MOTIVATION PERCEPTION LEARNING PERSONALITY ATTITUDES EXPERIENCE

CONSUMER DECISION-MAKING MODEL

Click to edit Master text styles PRODUCT PRICE Second level PRE-PURCHASE PROMOTION SEARCH DISTRIBUTION Third level SOCIO-CULTURAL EVALUATION OF ENVIRONMENTlevel Fourth ALTERNATIVES FAMILY Fifth level INFORMAL SOURCES
OTHER NON-COMMERCIAL SOURCES SOCIAL CLASS SUB-CULTURE AND CULTURE PURCHASE

FIRMS MARKETING EFFORTS

TRIAL REPEAT PURCHASE

POST-PURCHASE marketingteacher@gmail.com EVALUATION marketingteacher@gmail.com

OUTPUT

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INTRODUCTION

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Click to edit Master text styles Second level Third level Fourth level Fifth level

Culture satisfies needs

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INTRODUCTION

FRAMEWORK FOR ANALYZING Click to edit BEHAVIOUR style Master title CONSUMER

Click to edit Master text styles ENVIRONMENTAL AND Second levelINDIVIDUAL INFLUENCES Third level Fourth level TYPE BUYER OF Fifth level
BUYING SITUATION DECISION PROCESS

O U T C O M E
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AMK Click to edit Master text styles Second level List the Brands for 1. Personal Care Third level Products Soaps Shampoos Fourth level Toothpaste Shaving accessories Fifth level DO Perfumes 2.Clothing and shoes 3.Food and Beverages 4.Favorite Past times and Hobbies 5.Education and career 6.Shopping habits
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Lets begin our Journey

INTRODUCTION

SAK

AKK

BUYING SITUATIONS

[A] TYPE OF BUYING SITUATION -I Click to edit Master title style SIMPLE COMPLEX Click to edit MasterRESPONSE BEHAVIOUR * ROUTINISED text styles FOR LOW COST FREQUENTLY PURCHASED ITEMS Second level BUYERS AWARE OF PRODUCT CLASS HAVElevel DEFINED PREFERENCE ORDER Third WELL Fourth MKTING :level +VE REINFORCEMENT TO CURRENT JOB CUSTOMERS Fifth level CQ - STOCK LEVEL - VALUE .. TO BE
MAINTAINED TO SEND STRONG CUES TO NEW CUSTOMERS <NEW FEATURESPRICE -SPECIALS DISPLAY>
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BUYING SITUATIONS

[A] TYPEto edit Master title style Click OF BUYING SITUATION-II


* LIMITEDMaster text styles Click to edit PROBLEM SOLVING NEW UNFAMILIAR BRAND IN FAMILIAR Second level PRODUCT CLASS Third level WHEN EXISTING BRANDS DO NOT PROVIDE ADEQUATE SITUATION Fourth level HIGH INFORMATION SEARCH Fifth level
MARKETERS : TO ENSURE VERSATILE COMMUNICATION PROGRAM TO ENHANCE BUYER BRAND COMPARISON AND CONFIDENCE
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BUYING SITUATIONS

[A] TYPE OF BUYING SITUATION-III Click to edit Master title style

* EXTENSIVE PROBLEM SOLVING


Click to edit Master text styles UNFAMILIAR BRAND IN UNFAMILIAR PRODUCT CLASS BUYERS HAVE WEAK OR NON-EXISTENT CRITERIA FOR Second level EVALUATION Third level Fourth level EXTENSIVE INFORMATION Fifth level SEARCH FROM
COMMERCIAL SOURCES NON-COMMERCIAL SOURCES

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BUYING SITUATIONS

CONTINUED... Click to edit Master title style


TO GENERATE PRIMARY NEED Click to edit Master text styles FOR PRODUCT CLASS PRODUCT CLASS Second level BRAND CATEGORY MKTR :

Third level Fourth level BOTH NEEDS CAN SIMULTANEOU Fifth level SLY GENERATED WHEN
COMPETITION IS INTENSE
RADIO PAGER CELLULAR TELEPHONES

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Click HIGHedit Master title INVOLVEMENT to INVOLVEMENT style LOW


SIGNIFICANT COMPLEX IMPULSE Click DIFFERENCES to edit Master text styles DECISION MAKING PURCHASING BETWEEN Second level BRANDS MEDICAL SERVICES CEREALS AUTO,FINANCIAL Third level SNACKS PLANNING SERVICES

BUYING BEHAVIOUR HENRY ASSEL 2X2 MATRIX

BUYING BEHAVIOUR

Fourth level FEW Fifth level BRAND DIFFERENCES LOYALTY


BETWEEN BRANDS

INERTIA

PERFUMES CIGARETTE BEVERAGES


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LIGHT BULBES SOAPS

TYPES OF PURCHASE DECISION

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BUYING BEHAVIOUR

FOUR TYPES OF BUYER title style Click to edit Master BEHAVIOUR COMPLEX DECISION MAKING Click to edit Master text styles MEDICAL SERVICES * DECISION COMPLEX Second level FINANCIAL PLANNING * HIGH UNCERTAINITY LEVEL ARCHITECTURAL SERVICES * HIGH INFO SEARCH Third level * FOCUSSED COMMUNICATION Fourth level NEEDED * COMPREHENSIVE POSITIONING Fifth level * STRATEGIES STRESSING
* MULTIPLE ATTRIBUTES OF BRANDS

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BUYING BEHAVIOUR

FOUR TYPES OF BUYER BEHAVIOUR Click to edit Master text styles BRAND LOYALTY Second level POSITIONING IMPORTANT * Third level DECISION-MAKING COMPLEX Fourth level USP OR Fifth level BRAND IMAGE CREATION BUT LOYALTY DEVELOPS AFTER +VE USE EXPERIENCE
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Click to edit Master title style

BUYING BEHAVIOUR

IMPULSE PURCHASING
INFO, SEARCH LIMITED

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FOUR TYPES OF BUYER BEHAVIOUR

* LOW-INVLOVEMENT OF Click to edit Master text styles CONSUMERS FAVOURABLE EXPERIENCE * DECISION-MAKING PROCESS.. Second level SIMPLE REPURCHASE * MODERATE BRAND Third level EVALUATION * VARIETY SEEKING Fourth level BEHAVIOUR

Fifth level INERTIA

* BRAND-CHOICE HABITUAL * INFO-SEARCH NON-EXISTENT * BUYERS PREFER TO STAY WITH FAMILIAR BRANDS
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+VE EXPERIENCE REPURCHASE

BUYING DECISION PROCESS

CONSUMER BUYING DECISION PROCESS Click to edit Master title style

Click to edit Master text styles Second level PROBLEM INFO. Third level RECOGNITION SEARCH Fourth level Fifth level
POST-PURCHASE BEHAVIOUR

EVALUATION BEHAVIOUR

PURCHASE DECISION

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Click to edit Master title style


Click to edit Master text styles Second level Third level Fourth level Fifth level

NEED DRIVE MOTIVE

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Click to edit Master title style


Click to edit Master text styles Second level Third level Fourth level Fifth level

NEED DRIVE MOTIVE CONTD/--

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PROBLEM RECOGNITION Click to edit Master title style


NEED edit Master text -Click toRECOGNITION styles - FELT NEED Second level Third level -FourthBE ACTIVATED BY level CAN Fifth level
DRIVES NEEDS
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EXTERNAL STIMULUS - TRIGGERING CUES ADVERTISING PUBLICITY INTERNAL STIMULUS HUNGER THIRST

The Process and Factors of Problem Recognition

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Desired Consumer Position

Click to edit Master text styles Second level Perceived Gap/Discrepancy Tension (threshold level) Third level Problem Recognition Fourth level * Fifth level *
Stock out Dissatisfaction with present stock

Existing Consumer Position

* *

Recognition of new need situation Generation of new wants Availability of New Products Offerings Effect of Synergy Products New Marketing Efforts

Decrease in Funds

* *

* *

Enhancement in Funds

Marketing Efforts

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Types of Information Click to edit Master title style Sought


Utility Function

Product attributes

Click to edit Master text styles Second level Third level Search Process Fourth level Internal External Fifth level

Brand beliefs

Importance weights marketingteacher@gmail.com marketingteacher@gmail.com

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MARKETERS : Click to edit Master title style



TO UNDERSTAND THE DRIVES / Click to edit Master textTO ULTIMATE MOTIVES RELATED styles PURCHASE Second level DECISION TO UNCOVER THE LATENT NEED Third level STRUCTURE SORROUNDING A Fourth level PARTICULAR PRODUCT TO ARRAGNE CUES TO MATCH WITH Fifth level TIMINGS OF NEED AROUSAL TO PROVIDE INFORMATION IN ORDER TO PUSH NEEDS ABOVE THE THRESHOLD LEVEL
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Click to edit Master title style


NEED PRODUCES TWO STATES :

INFORMATION SEARCH

B.
A.

Click to edit Master text styles HEIGHTENED ATTENTION Second level <PASSIVE-ALERT> Third level ACTIVE INFO. SEARCH Fourth level FifthFROM level PSYCHOLOGICAL
FIELD
GREATER IS RELEVANT PAST EXPERIENCE LESS EXT. INFO. NEEDED

CONSUMER GETS ALERT TO INFO.

REGARDING KEY POT. ATTRIBUTE MOTIVATION PERCEPTION LEARNING PERSONALITY ATTITUDES

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An overview of the communication process

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Problem/ Need Recognition

Click to Mix Master text styles Marketing edit External elements and search other Communication Second level elements Third level Exposure Fourth level Attention Fifth level
Interpretation

Information Search

Internal Search

Memory

Acceptance

Retention

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ClickFROMedit Master title style to EXTERNAL SOURCES SEARCH


IN HIGH RISK SITUATION COMPLEX INFO. SEARCH AND EVALUATION SIMPLE SEARCH AND INFO. TACTICS

INFORMATION SEARCH

Click to edit Master text styles IN LOW RISK SITUATION Second level UNIT OF INFO. Third level SEARCH DEPENDS ON EXPERIENCE : FIRST TIME EXPERIENCE UNSATISFACTORY PAST EXP. Fourth level WITHIN PRODUCT CATEGORY Fifth level SOCIAL ACCEPTABILITY : FOR GIFT !
PRODUCT FACTORS : LONGER INTER-PURCHASE TIME MANY ALTERNATIVE BRANDS DEMOGRAPHIC CHC. PERSONALITY

PERSONAL FACTORS

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EVALUATION BEHAVIOUR Click to edit Master title style



EVALUATION OF POTENTIAL ALTERNATIVES A. LIST OF BRANDS TO BE USED EVOKED SET B. CRITERIA TO BE USED FOR BRAND EVALUATION PRODUCT ATTRIBUTES PUF 100% FAT FREE SELECTION OF RELEVANT ATTRIBUTES DIFFERENT WEIGHTS TO DIFFERENT ATTRIBUTES DEVELOPMENT OF BRAND BELIEFS UTILITY FUNCTIONS FOR EACH ATTRIBUTES CONSUMER ARRIVES AT AN ATTITUDE

Click to edit Master text styles Second level Third level Fourth level Fifth level
JUDGEMENT OR PREFERENCE

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I Total set

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II Awareness Set III Inept Set

How many brands to consider ?


ACN Facit Network Gestener Wipro Aurelec ACN Aurelec

Iv Consideration set

ACN Godrej Network Aurelec Gestener PCL Facit Wipro 0 0 0

Click to edit Master text styles Second level Third level Fourth level Fifth level
Vi Choice

Facit Network Gestetner Wipro

V Choice Set

Network Gestener Wipro

?
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Basic Choice Heuristics Click to edit Master title style


Click to edit Master text styles Choice Rules Second level Third level Fourth level Fifth level
Conjunctive Lexicographic Disjunctive Linear Compensatory

Affect Referral

Non Compensatory
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Click to edit Master title style


Nikon Canon Pentax

Mega Pixels

Weight

Dimensions

Lens focal length View finder

LCD Screen size LCD resolution

Media

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9 9 7 6 6 8 9 9 4 8 9 8 8 9 9 9 5 5 9 9 8 8

8 8 9 9 6 5

9 9 5

Manual Control Battery/Charger

Price

Total

79

92

84

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Click to edit Master title style Decision Rules


Click to edit Master text styles Compensatory decision rule Canon Second level Conjunctive decision rule minimally Third level cutoff for each attribute. acceptable Canon and Fourth level Pentax for 5 or under 5. Disjunctive decision rule : canon for 6 Fifth level
or more than 6. Lexicographic : Pentax for highest on viewfinder.
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Click to edit Master title style PURCHASE DECISION


A. RANKED SET AFTER EVALUATION Click to edit Master text styles OF PREFERENCE CREATED Second level B. PURCHASE INTENTION IS DEVELOPED Third level ADDITIONAL FACTORS Fourth level ATTITUDE OF A.Fifth level OTHERS B. UNANTICIPATED SITUATIONAL FACTORS C. PERCIEVED RISKS

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PURCHASE EVALUATION

Click to edit Master title style


Click to edit Master text styles Second level Third level Fourth level Fifth level

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POST PURCHASE BEHAVIOUR


SClick )to edit Master textDISSONANCE IS UNCOMFORTABLE styles = f (E , P STRATEGIES BY CONSUMERS E TO RATIONALISE DECISION IF IF =\= P.> DISCONFIRMATION Second ElevelV E P +T I A. CHANGE EVALUATION OF AN IF P E ALTERNATIVE Third <levelTIVE POST PURCHASE ANXIETYDUE B. SEEKING NEW + VE INFORMATION TO BUYERS VARIOUS - SEARCHING FOR SUUPORTING ADS/INFO Fourth level ATTITUDE COGNITIONS, BELIEFS, RMATION ABOUT THE -MAY DEMAND SYMPATHY FROM Fifth level SATISFIED OWNERS FOR ASSURANCE PRODUCT PURCHASED
FOREGONE ALTERNATIVES MAGNITUDE OF DISSONANCE DEPENDS UPON A. IMPORTANCE OF DECISION B.ATTRACTIVENESS OF UNCHOSEN ALTERNATIVE C. CHANGING ATTITUDE MAY PERSUADE FRIENDS/ NEIGHBOURS TO TRY SAME BRAND MARKETING IMPLICATION A. CONFIRMING EXPECTATIONS B. INDUCING ATTITUDE CHANGE C. REINFORCING BUYERS marketingteacher@gmail.com 47
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Click to edit Master title style

Click to edit Master title style


Click to edit Master text styles Second level Third level Fourth level Fifth level

The Influencer

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Responses of a Dissatisfied Click to edit Master title style Customer



Dissatisfaction Click to edit Master text styles may lead to Second level Third level Fourth level Fifth level
negative word of mouth

discontinuing purchase and patronage

formal complaint to intervention agencies

seeking redress from the dependent

legal action

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E X P E C T A T I O N HIGH LOW Click to edit Master title style


P

Click toSTABLEMaster text styles edit UNSTABLE R LUCK, UNUSUALLY FSecond level EXCELLENT GOOD PERFORMANCE PRODUCT OThird level MFourth level UNSTABLE STABLE A Fifth level
N C E

GOOD

UNLUCKY, GRAPE

BAD

POOR PRODUCT

ZALTMAN AND WALLENDARF 2 X 2 MATRIX


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Click to edit Master title style


EVALUATION OF ALTERNATIVES

ATTITUDE OF OTHERS

Click to edit Master text styles UNANTICIPATED Second level SITUATIONAL PRODUCT FACTORS Third level EXPECTATION Fourth level Fifth level CONFIRMATION
OR DISCONFIRMATION

PURCHASE INTENTION

PURCHASE DECISION

PRODUCT PERFORMANCE

SATISFACTION

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DISSATISFACTION

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CONSUMER DECISION-MAKING MODEL Click to edit Master title style


INPUT PROCESS FIRMS MARKETING EFFORTS

Click to edit Master text styles PRODUCT PRICE Second level PRE-PURCHASE PROMOTION SEARCH DISTRIBUTION Third level SOCIO-CULTURAL Fourth level EVALUATION OF ENVIRONMENT ALTERNATIVES Fifth level FAMILY
INFORMAL SOURCES OTHER NON-COMMERCIAL SOURCES SOCIAL CLASS SUB-CULTURE AND CULTURE PURCHASE

NEED RECOGNITION

PSYCHOLOGICAL FIELD MOTIVATION PERCEPTION LEARNING PERSONALITY ATTITUDES EXPERIENCE

TRIAL REPEAT PURCHASE POST-PURCHASE marketingteacher@gmail.com marketingteacher@gmail.com EVALUATION OUTPUT


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