consumer behaviour define consumer behavior and explain its nature/features. explain the factors...
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![Page 1: Consumer Behaviour Define consumer behavior and explain its nature/features. Explain the factors influencing consumer behaviour. Explain the steps in consumer](https://reader034.vdocuments.us/reader034/viewer/2022042422/56649f325503460f94c4e2a8/html5/thumbnails/1.jpg)
Consumer BehaviourDefine consumer behavior and explain its
nature/features.Explain the factors influencing consumer
behaviour.Explain the steps in consumer buying
decision process.
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Introduction
Consumer psychology needs a special attention in the present highly competitive and consumer-oriented marketing system.Consumer is the cause & purpose of all
production and marketing activities.
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Meaning of Consumer/Buyer BehaviorConsumer is the most important person in
business. His attitude, behavior, needs and reactions play an important role in regard to marketing plans and policies of companies.
Companies study the behaviours of consumers constantly for their benefits.
Consumer behavior is comparatively new area within the scope of business management.
The purpose of study of consumer behavior is to understand human actions and reactions (consumer behaviour) in the best possible manner.
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Definition of Consumer/Buyer behaviourConsumer behavior is the process whereby
individuals decide what, when, where, how and from whom to purchase goods and services.
Walters and Paul
Buyer behaviour is all psychological, social and physical behaviour of potential customers as they become aware of, evaluate, purchase, consume and tell others about the products and services.
Webster
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Types of Buyers1. Friendly/co-operative
buyer.2. Timid/reserved/shy
buyer.3. Silent buyer.4. Undecided buyer.5. Price or quality
conscious buyer.6. Argumentative buyer.7. Suspicious buyer.
8. Impatient buyer.9. Bargain buyer.10. Impulsive buyer.11.Over-cautious
buyer.12.Slow-thinking
buyer13.Rude/ill-mannered
buyer.14.Clever/intelligent
buyer.
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Factors influencing buyer behaviourSocial factors.-Family, roles and status, ref.
groupsEconomic factors.-size of family, disposable
Pincomepropensity to consume, consumer credit, dis. income
Cultural factors.-sub culture, soc. Class (wealth, income)
Personal factors.-age, occ., life style, personalityPhysiological factors.-basic needsPsychological factors.-motivation, perception,
learning, beliefs, attitude
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Decisions taken by the buyer while purchasing
Need recognition Information search
Evaluation of alternatives
Purchase decision
Post-purchase Behaviour
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Buying Motives of Consumer/Customers1. Fear.2. Profit/Gain.3. Vanity.4. Pride.5. Fashion.6. Love and Affection.
7. Curiosity.8. Admiration.9. Jealousy. 10.Patronage.11.Comfort and
Convenience.12.Health.
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Types of Buyer behaviour
Complex buying behaviour.Dissonance-reducing buying behaviour.Habitual buying behaviour.Variety-seeking buying behaviour.
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Importance of consumer/buyer behaviour in marketing management
Study of consumer behaviour has special importance in the present competitve
marketing management system.Understanding buyer/consumer behaviour is
very important for successful marketing.
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Meaning & Importance of Buyer/Consumer PsychologyKnowledgeAttitudes & EmotionsImagesIntentions Buying Motives
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Steps in Selling/Buying ProcessProspecting.Pre-approach.Attention.Interest.Desire.Action.