SlideShare a Scribd company logo
1 of 39
Chapter 5- slide 1
Copyright © 2009 Pearson Education, Inc.
Publishing as Prentice Hall
Chapter Five
Consumer Markets and Consumer
Buyer Behavior
Chapter 5- slide 2
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Consumer Markets and Consumer
Buyer Behavior
• Model of Consumer Behavior
• Characteristics Affecting Consumer
Behavior
• Types of Buying Decision Behavior
• The Buyer Decision Process
• The Buyer Decision Process for New
Products
Topic Outline
Chapter 5- slide 3
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Consumer buyer behavior refers to the buying
behavior of final consumers—individuals and
households who buy goods and services for
personal consumption
Consumer market refers to all of the personal
consumption of final consumers
Model of Consumer Behavior
Chapter 5- slide 4
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Model of Consumer Behavior
Chapter 5- slide 5
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Chapter 5- slide 6
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
Factors Influencing Consumer Behavior
Chapter 5- slide 7
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Culture is the learned values, perceptions,
wants, and behavior from family and other
important institutions
Characteristics Affecting
Consumer Behavior
Chapter 5- slide 8
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
Subculture are groups of people within a culture
with shared value systems based on common life
experiences
and situations
Chapter 5- slide 9
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Social classes are society’s relatively
permanent and ordered divisions whose
members share similar values, interests,
and behaviors
• Measured by a combination of occupation,
income, education, wealth, and other
variables
Characteristics Affecting
Consumer Behavior
Chapter 5- slide 10
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
Chapter 5- slide 11
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
Membership
Groups
• Groups with
direct
influence
and to
which a
person
belongs
Aspirational
Groups
• Groups an
individual
wishes to
belong to
Reference
Groups
• Groups that
form a
comparison
or reference
in forming
attitudes or
behavior
Groups and Social Networks
Chapter 5- slide 12
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
• Word-of-mouth influence and
buzz marketing
– Opinion leaders are people
within a reference group who
exert social influence on others
– Also called influentials or
leading adopters
– Marketers identify them to use
as brand ambassadors
Groups and Social Networks
Chapter 5- slide 13
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
• Online Social Networks are
online communities where
people socialize or exchange
information and opinions
• Include blogs, social
networking sites (facebook),
virtual worlds (second life)
Groups and Social Networks
Chapter 5- slide 14
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
• Family is the most
important consumer-
buying organization in
society
• Social roles and status
are the groups, family,
clubs, and organizations
that a person belongs to
that can define role and
social status
Social Factors
Chapter 5- slide 15
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
• Age and life-cycle stage
• RBC Royal Band stages
– Youth: younger than 18
– Getting started: 18–35
– Builders: 35–50
– Accumulators: 50–60
– Preservers: over 60
Personal Factors
Chapter 5- slide 16
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
Occupation affects the goods and services
bought by consumers
Economic situation includes trends in:
Personal Factors
Personal
income
Savings
Interest
rates
Chapter 5- slide 17
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
Lifestyle is a person’s
pattern of living as
expressed in his or her
psychographics
• Measures a consumer’s
AIOs (activities, interests,
opinions) to capture
information about a
person’s pattern of acting
and interacting in the
environment
Personal Factors
Chapter 5- slide 18
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
• Personality and self-concept
– Personality refers to the unique psychological
characteristics that lead to consistent and
lasting responses to the consumer’s
environment
Personal Factors
Chapter 5- slide 19
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
Personal
Factors
Dominance Autonomy
Defensiveness Adaptability Aggressiveness
Chapter 5- slide 20
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
Psychological Factors
Motivation
Perception
Learning
Beliefs and attitudes
Chapter 5- slide 21
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
A motive is a need that is sufficiently pressing
to direct the person to seek satisfaction
Motivation research refers to qualitative
research designed to probe consumers’
hidden, subconscious motivations
Psychological Factors
Motivation
Chapter 5- slide 22
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
Maslow’s
Hierarchy of Needs
Chapter 5- slide 23
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
Perception is the process by
which people select,
organize, and interpret
information to form a
meaningful picture of the
world from three perceptual
processes
– Selective attention
– Selective distortion
– Selective retention
Psychological Factors
Chapter 5- slide 24
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
Selective attention is the tendency for people to
screen out most of the information to which they
are exposed
Selective distortion is the tendency for people to
interpret information in a way that will support
what they already believe
Selective retention is the tendency to remember
good points made about a brand they favor and
forget good points about competing brands
Psychological Factors
Chapter 5- slide 25
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
• Learning is the change in an individual’s
behavior arising from experience and
occurs through interplay of:
Psychological Factors
Drives Stimuli Cues
Responses Reinforcement
Chapter 5- slide 26
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
Belief is a descriptive thought that a person
has about something based on:
• Knowledge
• Opinion
• Faith
Psychological Factors
Beliefs and Attitudes
Chapter 5- slide 27
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Characteristics Affecting
Consumer Behavior
Attitudes describe a
person’s relatively
consistent evaluations,
feelings, and
tendencies toward an
object or idea
Psychological Factors
Chapter 5- slide 28
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Types of Buying Decision
Behavior
Complex buying behavior
Dissonance-reducing buying behavior
Habitual buying behavior
Variety-seeking buying behavior
Chapter 5- slide 29
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
Types of Buying Decision
Behavior
Four Types of Buying Behavior
Chapter 5- slide 30
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
The Buyer Decision Process
Buyer Decision Making Process
Chapter 5- slide 31
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
The Buyer Decision Process
• Occurs when the buyer recognizes a
problem or need triggered by:
– Internal stimuli
– External stimuli
Need Recognition
Chapter 5- slide 32
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
The Buyer Decision Process
• Personal sources—family and
friends
• Commercial sources—
advertising, Internet
• Public sources—mass media,
consumer organizations
• Experiential sources—handling,
examining, using the product
Information Search
Sources of Information
Chapter 5- slide 33
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
The Buyer Decision Process
• How the consumer processes information
to arrive at brand choices
Evaluation of Alternatives
Chapter 5- slide 34
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
The Buyer Decision Process
• The act by the consumer to buy the most
preferred brand
• The purchase decision can be affected by:
– Attitudes of others
– Unexpected situational factors
Purchase Decision
Chapter 5- slide 35
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
The Buyer Decision Process
• The satisfaction or dissatisfaction that the
consumer feels about the purchase
• Relationship between:
– Consumer’s expectations
– Product’s perceived performance
• The larger the gap between expectation and
performance, the greater the consumer’s
dissatisfaction
• Cognitive dissonance is the discomfort caused
by a post-purchase conflict
Post-Purchase Decision
Chapter 5- slide 36
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
The Buyer Decision Process
Customer satisfaction is a key to building
profitable relationships with consumers—
to keeping and growing consumers and
reaping their customer lifetime value
Post-Purchase Decision
Chapter 5- slide 37
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
The Buyer Decision Process for
New Products
Adoption process is the mental process an
individual goes through from first learning
about an innovation to final regular use.
• Stages in the process include:
Awareness Interest Evaluation Trial Adoption
Chapter 5- slide 38
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
The Buyer Decision Process for
New Products
Influence of Product Characteristics
on Rate of Adoption
Relative
advantage
Compatibility
Complexity Communicability
Chapter 5- slide 39
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall
All rights reserved. No part of this publication may be reproduced, stored in a
retrieval system, or transmitted, in any form or by any means, electronic,
mechanical, photocopying, recording, or otherwise, without the prior written
permission of the publisher. Printed in the United States of America.
Copyright © 2010 Pearson Education, Inc.
Publishing as Prentice Hall

More Related Content

Similar to Consumer-market-and-consumer-buyer-behavior-Chap-5-18042020-022433pm-29032021-090539pm-02062022-060523pm.ppt

Principles of Marketing Chapter #5
Principles of Marketing Chapter #5Principles of Marketing Chapter #5
Principles of Marketing Chapter #5Jan Muhammad
 
CHAPTER 5 PRINCIPLES OF MARKETING.pptx for students
CHAPTER 5 PRINCIPLES OF MARKETING.pptx for studentsCHAPTER 5 PRINCIPLES OF MARKETING.pptx for students
CHAPTER 5 PRINCIPLES OF MARKETING.pptx for studentsMariaErikaFerrer
 
PRINCPLE OF MARKETING power point for student
PRINCPLE OF MARKETING power point for studentPRINCPLE OF MARKETING power point for student
PRINCPLE OF MARKETING power point for studentDerbewBirhanu2
 
C5 Consumer behavior.pdf
C5 Consumer behavior.pdfC5 Consumer behavior.pdf
C5 Consumer behavior.pdfLuHuynTrm
 
CB Lecture 31.08.2022.pptx
CB Lecture 31.08.2022.pptxCB Lecture 31.08.2022.pptx
CB Lecture 31.08.2022.pptxKamiBhutta
 
CB Lecture 31.08.2022.pptx
CB Lecture 31.08.2022.pptxCB Lecture 31.08.2022.pptx
CB Lecture 31.08.2022.pptxKamiBhutta
 
chapter_fifteen_0.ppt group fill over volume
chapter_fifteen_0.ppt group fill over volumechapter_fifteen_0.ppt group fill over volume
chapter_fifteen_0.ppt group fill over volumeOshadiVindika
 
Chapter 06 - Consumer perception........
Chapter 06 - Consumer perception........Chapter 06 - Consumer perception........
Chapter 06 - Consumer perception........MuhammadAhmadMushtaq1
 
Consumer Behavior Chap 6 Perception.jjoiopioipo
Consumer Behavior Chap 6 Perception.jjoiopioipoConsumer Behavior Chap 6 Perception.jjoiopioipo
Consumer Behavior Chap 6 Perception.jjoiopioipoNabeelFaisalOfficial
 
schiffmancb10ppt01-121026210723-phpapp01.pdf
schiffmancb10ppt01-121026210723-phpapp01.pdfschiffmancb10ppt01-121026210723-phpapp01.pdf
schiffmancb10ppt01-121026210723-phpapp01.pdfKamiBhutta
 

Similar to Consumer-market-and-consumer-buyer-behavior-Chap-5-18042020-022433pm-29032021-090539pm-02062022-060523pm.ppt (20)

Chapter #5
Chapter #5Chapter #5
Chapter #5
 
Principles of Marketing Chapter #5
Principles of Marketing Chapter #5Principles of Marketing Chapter #5
Principles of Marketing Chapter #5
 
CHAPTER 5 PRINCIPLES OF MARKETING.pptx for students
CHAPTER 5 PRINCIPLES OF MARKETING.pptx for studentsCHAPTER 5 PRINCIPLES OF MARKETING.pptx for students
CHAPTER 5 PRINCIPLES OF MARKETING.pptx for students
 
PRINCPLE OF MARKETING power point for student
PRINCPLE OF MARKETING power point for studentPRINCPLE OF MARKETING power point for student
PRINCPLE OF MARKETING power point for student
 
Chapter 5 1
Chapter 5 1Chapter 5 1
Chapter 5 1
 
C5 Consumer behavior.pdf
C5 Consumer behavior.pdfC5 Consumer behavior.pdf
C5 Consumer behavior.pdf
 
CB Lecture 31.08.2022.pptx
CB Lecture 31.08.2022.pptxCB Lecture 31.08.2022.pptx
CB Lecture 31.08.2022.pptx
 
CB Lecture 31.08.2022.pptx
CB Lecture 31.08.2022.pptxCB Lecture 31.08.2022.pptx
CB Lecture 31.08.2022.pptx
 
Chapter 03.ppt
Chapter 03.pptChapter 03.ppt
Chapter 03.ppt
 
chapter_fifteen_0.ppt group fill over volume
chapter_fifteen_0.ppt group fill over volumechapter_fifteen_0.ppt group fill over volume
chapter_fifteen_0.ppt group fill over volume
 
Chapter #5 marketing
Chapter #5 marketingChapter #5 marketing
Chapter #5 marketing
 
Chapter 06 - Consumer perception........
Chapter 06 - Consumer perception........Chapter 06 - Consumer perception........
Chapter 06 - Consumer perception........
 
Consumer Behavior Chap 6 Perception.jjoiopioipo
Consumer Behavior Chap 6 Perception.jjoiopioipoConsumer Behavior Chap 6 Perception.jjoiopioipo
Consumer Behavior Chap 6 Perception.jjoiopioipo
 
schiffmancb10ppt01-121026210723-phpapp01.pdf
schiffmancb10ppt01-121026210723-phpapp01.pdfschiffmancb10ppt01-121026210723-phpapp01.pdf
schiffmancb10ppt01-121026210723-phpapp01.pdf
 
Schiffman cb10 ppt_06
Schiffman cb10 ppt_06Schiffman cb10 ppt_06
Schiffman cb10 ppt_06
 
Ins ppt ch06
Ins ppt ch06Ins ppt ch06
Ins ppt ch06
 
Chapter ppt 15 - copy
Chapter ppt 15 - copyChapter ppt 15 - copy
Chapter ppt 15 - copy
 
solomon_cb11_ppt01.pptx
solomon_cb11_ppt01.pptxsolomon_cb11_ppt01.pptx
solomon_cb11_ppt01.pptx
 
Chap 5
Chap 5Chap 5
Chap 5
 
Schiffman chapter 2
Schiffman chapter 2Schiffman chapter 2
Schiffman chapter 2
 

Recently uploaded

M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.Aaiza Hassan
 
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… Abridged
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… AbridgedLean: From Theory to Practice — One City’s (and Library’s) Lean Story… Abridged
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… AbridgedKaiNexus
 
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCRsoniya singh
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfpollardmorgan
 
Marketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet CreationsMarketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet Creationsnakalysalcedo61
 
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdf
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdfCatalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdf
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdfOrient Homes
 
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptx
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptxBanana Powder Manufacturing Plant Project Report 2024 Edition.pptx
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptxgeorgebrinton95
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis UsageNeil Kimberley
 
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...lizamodels9
 
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130  Available With RoomVIP Kolkata Call Girl Howrah 👉 8250192130  Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Roomdivyansh0kumar0
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth MarketingShawn Pang
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation SlidesKeppelCorporation
 
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In.../:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...lizamodels9
 
NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...
NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...
NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...Khaled Al Awadi
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,noida100girls
 
Non Text Magic Studio Magic Design for Presentations L&P.pptx
Non Text Magic Studio Magic Design for Presentations L&P.pptxNon Text Magic Studio Magic Design for Presentations L&P.pptx
Non Text Magic Studio Magic Design for Presentations L&P.pptxAbhayThakur200703
 
(8264348440) 🔝 Call Girls In Keshav Puram 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Keshav Puram 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Keshav Puram 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Keshav Puram 🔝 Delhi NCRsoniya singh
 
Islamabad Escorts | Call 03274100048 | Escort Service in Islamabad
Islamabad Escorts | Call 03274100048 | Escort Service in IslamabadIslamabad Escorts | Call 03274100048 | Escort Service in Islamabad
Islamabad Escorts | Call 03274100048 | Escort Service in IslamabadAyesha Khan
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...lizamodels9
 

Recently uploaded (20)

M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.
 
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… Abridged
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… AbridgedLean: From Theory to Practice — One City’s (and Library’s) Lean Story… Abridged
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… Abridged
 
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
 
Marketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet CreationsMarketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet Creations
 
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdf
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdfCatalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdf
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdf
 
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptx
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptxBanana Powder Manufacturing Plant Project Report 2024 Edition.pptx
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptx
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage
 
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
 
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130  Available With RoomVIP Kolkata Call Girl Howrah 👉 8250192130  Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
 
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In.../:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
 
NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...
NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...
NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
 
Best Practices for Implementing an External Recruiting Partnership
Best Practices for Implementing an External Recruiting PartnershipBest Practices for Implementing an External Recruiting Partnership
Best Practices for Implementing an External Recruiting Partnership
 
Non Text Magic Studio Magic Design for Presentations L&P.pptx
Non Text Magic Studio Magic Design for Presentations L&P.pptxNon Text Magic Studio Magic Design for Presentations L&P.pptx
Non Text Magic Studio Magic Design for Presentations L&P.pptx
 
(8264348440) 🔝 Call Girls In Keshav Puram 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Keshav Puram 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Keshav Puram 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Keshav Puram 🔝 Delhi NCR
 
Islamabad Escorts | Call 03274100048 | Escort Service in Islamabad
Islamabad Escorts | Call 03274100048 | Escort Service in IslamabadIslamabad Escorts | Call 03274100048 | Escort Service in Islamabad
Islamabad Escorts | Call 03274100048 | Escort Service in Islamabad
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
 

Consumer-market-and-consumer-buyer-behavior-Chap-5-18042020-022433pm-29032021-090539pm-02062022-060523pm.ppt

  • 1. Chapter 5- slide 1 Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall Chapter Five Consumer Markets and Consumer Buyer Behavior
  • 2. Chapter 5- slide 2 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Consumer Markets and Consumer Buyer Behavior • Model of Consumer Behavior • Characteristics Affecting Consumer Behavior • Types of Buying Decision Behavior • The Buyer Decision Process • The Buyer Decision Process for New Products Topic Outline
  • 3. Chapter 5- slide 3 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Consumer buyer behavior refers to the buying behavior of final consumers—individuals and households who buy goods and services for personal consumption Consumer market refers to all of the personal consumption of final consumers Model of Consumer Behavior
  • 4. Chapter 5- slide 4 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Model of Consumer Behavior
  • 5. Chapter 5- slide 5 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall
  • 6. Chapter 5- slide 6 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior Factors Influencing Consumer Behavior
  • 7. Chapter 5- slide 7 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Culture is the learned values, perceptions, wants, and behavior from family and other important institutions Characteristics Affecting Consumer Behavior
  • 8. Chapter 5- slide 8 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior Subculture are groups of people within a culture with shared value systems based on common life experiences and situations
  • 9. Chapter 5- slide 9 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Social classes are society’s relatively permanent and ordered divisions whose members share similar values, interests, and behaviors • Measured by a combination of occupation, income, education, wealth, and other variables Characteristics Affecting Consumer Behavior
  • 10. Chapter 5- slide 10 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior
  • 11. Chapter 5- slide 11 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior Membership Groups • Groups with direct influence and to which a person belongs Aspirational Groups • Groups an individual wishes to belong to Reference Groups • Groups that form a comparison or reference in forming attitudes or behavior Groups and Social Networks
  • 12. Chapter 5- slide 12 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior • Word-of-mouth influence and buzz marketing – Opinion leaders are people within a reference group who exert social influence on others – Also called influentials or leading adopters – Marketers identify them to use as brand ambassadors Groups and Social Networks
  • 13. Chapter 5- slide 13 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior • Online Social Networks are online communities where people socialize or exchange information and opinions • Include blogs, social networking sites (facebook), virtual worlds (second life) Groups and Social Networks
  • 14. Chapter 5- slide 14 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior • Family is the most important consumer- buying organization in society • Social roles and status are the groups, family, clubs, and organizations that a person belongs to that can define role and social status Social Factors
  • 15. Chapter 5- slide 15 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior • Age and life-cycle stage • RBC Royal Band stages – Youth: younger than 18 – Getting started: 18–35 – Builders: 35–50 – Accumulators: 50–60 – Preservers: over 60 Personal Factors
  • 16. Chapter 5- slide 16 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior Occupation affects the goods and services bought by consumers Economic situation includes trends in: Personal Factors Personal income Savings Interest rates
  • 17. Chapter 5- slide 17 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior Lifestyle is a person’s pattern of living as expressed in his or her psychographics • Measures a consumer’s AIOs (activities, interests, opinions) to capture information about a person’s pattern of acting and interacting in the environment Personal Factors
  • 18. Chapter 5- slide 18 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior • Personality and self-concept – Personality refers to the unique psychological characteristics that lead to consistent and lasting responses to the consumer’s environment Personal Factors
  • 19. Chapter 5- slide 19 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior Personal Factors Dominance Autonomy Defensiveness Adaptability Aggressiveness
  • 20. Chapter 5- slide 20 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior Psychological Factors Motivation Perception Learning Beliefs and attitudes
  • 21. Chapter 5- slide 21 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior A motive is a need that is sufficiently pressing to direct the person to seek satisfaction Motivation research refers to qualitative research designed to probe consumers’ hidden, subconscious motivations Psychological Factors Motivation
  • 22. Chapter 5- slide 22 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior Maslow’s Hierarchy of Needs
  • 23. Chapter 5- slide 23 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior Perception is the process by which people select, organize, and interpret information to form a meaningful picture of the world from three perceptual processes – Selective attention – Selective distortion – Selective retention Psychological Factors
  • 24. Chapter 5- slide 24 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior Selective attention is the tendency for people to screen out most of the information to which they are exposed Selective distortion is the tendency for people to interpret information in a way that will support what they already believe Selective retention is the tendency to remember good points made about a brand they favor and forget good points about competing brands Psychological Factors
  • 25. Chapter 5- slide 25 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior • Learning is the change in an individual’s behavior arising from experience and occurs through interplay of: Psychological Factors Drives Stimuli Cues Responses Reinforcement
  • 26. Chapter 5- slide 26 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior Belief is a descriptive thought that a person has about something based on: • Knowledge • Opinion • Faith Psychological Factors Beliefs and Attitudes
  • 27. Chapter 5- slide 27 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Characteristics Affecting Consumer Behavior Attitudes describe a person’s relatively consistent evaluations, feelings, and tendencies toward an object or idea Psychological Factors
  • 28. Chapter 5- slide 28 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Types of Buying Decision Behavior Complex buying behavior Dissonance-reducing buying behavior Habitual buying behavior Variety-seeking buying behavior
  • 29. Chapter 5- slide 29 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Types of Buying Decision Behavior Four Types of Buying Behavior
  • 30. Chapter 5- slide 30 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall The Buyer Decision Process Buyer Decision Making Process
  • 31. Chapter 5- slide 31 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall The Buyer Decision Process • Occurs when the buyer recognizes a problem or need triggered by: – Internal stimuli – External stimuli Need Recognition
  • 32. Chapter 5- slide 32 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall The Buyer Decision Process • Personal sources—family and friends • Commercial sources— advertising, Internet • Public sources—mass media, consumer organizations • Experiential sources—handling, examining, using the product Information Search Sources of Information
  • 33. Chapter 5- slide 33 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall The Buyer Decision Process • How the consumer processes information to arrive at brand choices Evaluation of Alternatives
  • 34. Chapter 5- slide 34 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall The Buyer Decision Process • The act by the consumer to buy the most preferred brand • The purchase decision can be affected by: – Attitudes of others – Unexpected situational factors Purchase Decision
  • 35. Chapter 5- slide 35 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall The Buyer Decision Process • The satisfaction or dissatisfaction that the consumer feels about the purchase • Relationship between: – Consumer’s expectations – Product’s perceived performance • The larger the gap between expectation and performance, the greater the consumer’s dissatisfaction • Cognitive dissonance is the discomfort caused by a post-purchase conflict Post-Purchase Decision
  • 36. Chapter 5- slide 36 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall The Buyer Decision Process Customer satisfaction is a key to building profitable relationships with consumers— to keeping and growing consumers and reaping their customer lifetime value Post-Purchase Decision
  • 37. Chapter 5- slide 37 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall The Buyer Decision Process for New Products Adoption process is the mental process an individual goes through from first learning about an innovation to final regular use. • Stages in the process include: Awareness Interest Evaluation Trial Adoption
  • 38. Chapter 5- slide 38 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall The Buyer Decision Process for New Products Influence of Product Characteristics on Rate of Adoption Relative advantage Compatibility Complexity Communicability
  • 39. Chapter 5- slide 39 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Printed in the United States of America. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall

Editor's Notes

  1. Note to Instructor Discussion Question What have you recently purchased that cost over $100? Write down all the reasons you purchased this particular item. Because students are all consumers—it is interesting to start the class with a discussion of products they have recently purchased. When you ask them why they purchased a particular item or product, you can bring them through many topics in this chapter including the characteristics that affect consumer behavior (cultural, social, personal, and psychological). You can also try to determine the process they went through including how and where they searched for information and how they evaluated their alternatives. Finally, ask them how they feel about their purchase (postpurchase behavior). This discussion will lead nicely to the next slide which is the Model of Buyer Behavior.
  2. Note to Instructor It is interesting to talk about the buyer’s black box and one of the largest challenges in marketing is to understand what happens in this black box. Students will enjoy this video by Derren Brown. It is unclear how he obtains his results and how scientific this is, but it will certainly have students realize the mystery of the consumer’s brain.
  3. Note to Instructor Discussion Question What subculture do you belong to? How does this influence you as a consumer?
  4. Note to Instructor The Web link brings you to Rhode Island Housing. This is an example of an organization that targets the lower income groups with housing solutions. It will be interesting to ask the student the challenges in targeting this group for this company. They might realize that high illiteracy rates, non-English speakers, and lower education levels might make it harder for them to be reached and to understand the messages.
  5. Note to Instructor Discussion Question What groups are you a member of and what are your aspirational groups. How does this influence you as a consumers?
  6. Note to Instructor It is a great idea to click through to the Tremor Web site. It is an excellent example of Buzz marketing. Ask students if they tend to have a “go to” person when they want to purchase. Would they consider themselves opinion leaders? A great group to ask about is middle school aged kids. Who are the opinion leaders here? What qualities do they possess?
  7. Note to Instructor: Discussion Question How can marketers use these networks? This slide should provide a lively discussion for students because they all are users of social networks. Ask students for examples they have seen or experienced. Then be sure to ask if they think the marketing efforts were effective for the marketer and why? The text gives many examples including Victoria’s Secret on Facebook and Coca Cola in Second Life.
  8. Note to Instructor Discussion Question What brands do you purchase because it is what their parents used? Why do you think this occurs?
  9. Note to Instructor Discussion Question What categories of products seem to be targeted to consumer’s lifestyles? They will realize many products in addition to cars including food, cosmetics, shampoo also appeal to a consumer’s lifestyles.
  10. Note to Instructor This PC ad from Fall of 2008 shows how PC’s are a a fit for many personalities even though Mac has run ads which stereotype the user.
  11. Note to Instructor It is interesting to talk about brand personalities and ask students the personality of several brands: A brand personality is the specific mix of human traits that may be attributed to a particular brand. One researcher identified five brand personality traits 1. Sincerity (down-to-earth, honest, wholesome, and cheerful) 2. Excitement (daring, spirited, imaginative, and up-to-date) 3. Competence (reliable, intelligent, and successful) 4. Sophistication (upper class and charming) 5. Ruggedness (outdoorsy and tough)
  12. Note to Instructor Discussion Question If you watched television last night, what ads do you remember seeing? Probe to find out why they remember certain ads—was it that they broke through the clutter, that they saw them many times, or that they are in the market for that certain product?
  13. Note to Instructor This Web link brings you to PriceGrabber—an online comparison shopping site. What is interesting on this site is on the left hand side, you can search by features. These features help a consumer know how to evaluate a product. For instance, this example is laptop computers and one can search by processing speed, processor type, screen size, etc.