Chapter 4 discusses the factors influencing consumer behavior, including cultural, social, personal, and psychological factors. It outlines the buyer decision process, which consists of stages such as need recognition, information search, evaluation of alternatives, purchase decision, and postpurchase behavior. Additionally, it highlights the role of opinion leaders and buzz marketing in shaping consumer perceptions and decisions.
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Chapter 4
Chapter 4 discusses the factors influencing consumer behavior, including cultural, social, personal, and psychological factors. It outlines the buyer decision process, which consists of stages such as need recognition, information search, evaluation of alternatives, purchase decision, and postpurchase behavior. Additionally, it highlights the role of opinion leaders and buzz marketing in shaping consumer perceptions and decisions.
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CHAPTER 4: Opinion leaders — people within a
reference group who, because of
CONSUMER MARKETS AND CONSUMER special skills, knowledge, BUYER BEHAVIOR personality, or other characteristics, exert social influence on others. Buzz marketing involves enlisting or Model of Consumer Behavior even creating opinion leaders to Consumers make many buying decisions serve as “brand ambassadors” who every day, and the buying decision is the spread the word about a company’s focal point of the marketer’s effort. product. Online Social Networks. Over the past few years, a new type of social Characteristics Affecting Consumer interaction has exploded onto the Behavior scene—online social networking. Online social networks are online 1. Cultural Factors. Exert a broad and deep communities where people socialize influence on consumer behavior. Marketers or exchange information and need to understand the role played by the opinions. buyer’s culture, subculture, and social class. - Family. Family members can strongly - Culture. It is the most basic cause of a influence buyer behavior. The family is the person’s wants and behavior. Human most important consumer buying behavior is largely learned. organization in society, and it has been 2. Social Factors. A consumer’s behavior researched extensively. also is influenced by social factors, such as - Roles and Status. A person belongs to the consumer’s small groups, family, and many groups—family, clubs, organizations, social roles and status. online communities. The person’s position - Groups and Social Networks. Many small in each group can be defined in terms of groups influence a person’s behavior. both role and status. Groups that have a direct influence and to 3. Personal Factors. A buyer’s decisions also which a person belongs are called are influenced by personal characteristics membership groups. In contrast, reference such as the buyer’s age and life-cycle stage, groups serve as direct (face-to-face) or occupation, economic situation, lifestyle, indirect points of comparison or reference and personality and self-concept. in forming a person’s attitudes or behavior. - Age and Life-Cycle Stage. People change Word-of-Mouth Influence and Buzz the goods and services they buy over their Marketing. The personal words and lifetimes. recommendations of trusted friends, associates, and other consumers - Occupation. A person’s occupation affects tend to be more credible than those the goods and services bought. Blue-collar coming from commercial sources, workers tend to buy more rugged work such as advertisements or clothes, whereas executives buy more salespeople. business suits. - Economic Situation. A person’s economic - Learning. Learning describes changes in an situation will affect his or her store and individual’s behavior arising from product choices. experience. - Lifestyle. Lifestyle is a person’s pattern of living as expressed in his or her psychographics. - Beliefs and Attitudes. It involves measuring consumers’ major AIO A belief is a descriptive thought that dimensions— activities (work, hobbies, a person has about something. shopping, sports, social events), interests Beliefs may be based on real (food, fashion, family, recreation), and knowledge, opinion, or faith and opinions (about themselves, social issues, may or may not carry an emotional business, products). charge. Attitude describes a person’s relatively consistent evaluations, feelings, and tendencies - Personality and Self-Concept. Personality toward an object or idea. refers to the unique psychological characteristics that distinguish a person or Types of Buying Decisions Behavior group. Complex Buying Behavior. 3. Psychological Factors. A person’s buying choices are further influenced by four major Consumers undertake complex buying psychological factors: motivation, behavior when they are highly involved in a perception, learning, and beliefs and purchase and perceive significant attitudes. differences among brands. For example, a PC buyer may not know what attributes to - Motivation. A need becomes a motive consider. when it is aroused to a sufficient level of intensity. A motive (or drive) is a need that is sufficiently pressing to direct the person Habitual Buying Behavior. to seek satisfaction. Occurs under conditions of low-consumer - Perception. Perception is the process by involvement and little significant brand which people select, organize, and interpret difference. For example, take table salt. information to form a meaningful picture of the world. People can form different Dissonance-Reducing Buying Behavior. perceptions of the same stimulus because Occurs when consumers are highly involved of three perceptual processes: with an expensive, infrequent, or risky selective attention purchase but see little difference among selective distortion, and brands. selective retention. For example, consumers buying carpeting may face a high-involvement decision because carpeting is expensive and self expressive. Variety-Seeking Buying Behavior. Stage 4: Purchase Decision. In the evaluation stage, the consumer ranks Consumers undertake variety-seeking brands and forms purchase intentions. buying behavior in situations characterized Generally, the consumer’s purchase by low consumer involvement but decision will be to buy the most preferred significant perceived brand differences. In brand. such cases, consumers often do a lot of brand switching. Stage 5: Postpurchase Behavior. The marketer’s job does not end when the For example, when buying cookies, a product is bought. After purchasing the consumer may hold some beliefs, choose a product, the consumer will either be cookie brand without much evaluation, and satisfied or dissatisfied and will engage in then evaluate that brand during postpurchase behavior of interest to the consumption. marketer. The answer lies in the relationship between The Buyer Decision Process the consumer’s expectations and the product’s perceived performance. Stage 1: Need Recognition. The buying process starts with need recognition—the buyer recognizes a problem or need. Internal stimuli when one of the person’s normal needs—for example, hunger or thirst. External stimuli. For example, an advertisement or a discussion with a friend might get you thinking about buying a new car. Stage 2: Information Search. An interested consumer may or may not search for more information. If the consumer’s drive is strong and a satisfying product is near at hand, he or she is likely to buy it then. If not, the formation and the importance of each source. Stage 3: Evaluation of Alternatives. We have seen how consumers use information to arrive at a set of final brand choices. How does the consumer choose among alternative brands.