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Learning Objectives
Understand the major factors influencing consumer behavior Know and recognize the types of buying decision behavior Understand the stages in the buying decision process
Consumer Market
Consists of all the individuals and households who buy or acquire goods and services for personal consumption.
Purchase Decision
Post-Purchase Evaluation
Personal Factors
Age Life-Cycle Stage
Personal Factors
Age Life-Cycle Stage Occupation Economic Circumstances Life Style
Psychological Factors
Wants
Based on a want or desire to have something. Not a necessity.
Psychological Factors
Motivation:
Freud
Id Ego Super Ego
Maslow
Hierarchy of Needs
Psychological Factors
Motivation Perception
The process by which an individual selects, organizes, and interprets inputs to create a meaningful picture of the world.
Selective Exposure Selective Distortion Selective Retention
Psychological Factors
Motivation Perception Learning
Changes in an individuals behavior arising form experience
Psychological Factors
Motivation Perception Learning Beliefs
Descriptive thoughts that a person holds about something
Psychological Factors
Motivation Perception Learning Beliefs Attitudes
Enduring favorable or unfavorable cognitive evaluations emotional feelings and action tendencies
Functional Factors
Needs
Need over wants. Delivers to a real need to have something.
Social Class
Relatively homogenous, enduring divisions in a society, hierarchically ordered with members sharing similar values, interests, and behaviors.
Group Influences
Brand Choice
Strong
Public Luxuries Strong
Golf Clubs Snow Skis Sail Boat
Product Choice
Weak
Public Necessities
Wrist Watch Automobiles Dress Clothes
Private Necessities
Mattresses Floor Lamps Refrigerators
Subcultures
Groups of individuals who have similar value and behavior patterns within the group but differ from those in other groups.
Adoption Process
1. 2. 3. 4. 5. 6. Awareness Interest Evaluation Trial Decision Confirmation
Psychological
Psychological
Functional
Functional
Psychological
Functional
Functional
Psychological Motive
Ninety-day warranty.
Psychological Motive
Learning Objectives-Reviewed
Understand the major factors influencing consumer behavior Know and recognize the types of buying decision behavior Understand the stages in the buying decision process
Purchase Decision
Post-Purchase Evaluation