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HOW DO CULTURAL FACTORS
AFFECTS CHOICE OF RETAILS
&PURCHASING BEHAVIORS
Culture denotes way of living of
people, beliefs, values, customs,
language, technology, art .
CULTURE
PREVIOUS CULTURE OF CUSTOMERS
• Indian consumers believe in savings.
• Less job opportunity
• Less aspiration for better standard of living
• Absence of technology
• Lack of infrastructure
• Slow economic growth
CULTURAL CHANGE
 Increase income of middle level
 Economic growth
 Exposure to new shopping culture of west
 Technology development (internet,T.V.)
 Job opportunity (BPO, KPO, MNCs)
 Increase in personal disposable income
 Plastic money ( Credit/debit cards, coupons)
 Variety of goods( color, size, design, shape)
 Urbanization(New malls, organized shops)
 Youth driven culture( 40% btw 20-49)
OTHER CHANGES IN CONSUMER BEHAVIORS
Changing trend ( bulk purchasing, better status etc.)
FDI, online shopping, celebrity influence, freebies
Nuclear families
Taste and preferences, doesn't mind paying extra
Indian consumers want to live present does not
believe in saving for future
 Indian culture value collectivism
More information from internet (education)
Culture developed from surrounding
WHY TOWARDS ORGANIZED
WHY ORGANIZED?
• Everything at one place
• More concern about quality of perishable products
• Affordable range of prices
• Offers available
• More variety
• No chance of getting cheated
• Services offered
SOCIAL CLASS AND SUB-CULTURE AFFECTING
CONSUMER BEHAVIOR
• People are usually grouped in social classes according to
income, wealth, education, or type of occupation.
• There is a major difference in the consumer behavior of different
social classes. The upper class, for example, has
more disposable income and can thus spend more on
most products.
• On basis of sub-culture it is divided as religion, age, gender etc.
eg: Hindus and Muslims are different for all seven types of
shopper: the demanding, practical, trendy, traditional, economic,
thoughtful and innovative
THANKS

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How Cultural Factors Impact Retail Choices and Buying Habits

  • 1. HOW DO CULTURAL FACTORS AFFECTS CHOICE OF RETAILS &PURCHASING BEHAVIORS
  • 2. Culture denotes way of living of people, beliefs, values, customs, language, technology, art . CULTURE
  • 3.
  • 4. PREVIOUS CULTURE OF CUSTOMERS • Indian consumers believe in savings. • Less job opportunity • Less aspiration for better standard of living • Absence of technology • Lack of infrastructure • Slow economic growth
  • 5.
  • 6. CULTURAL CHANGE  Increase income of middle level  Economic growth  Exposure to new shopping culture of west  Technology development (internet,T.V.)  Job opportunity (BPO, KPO, MNCs)  Increase in personal disposable income  Plastic money ( Credit/debit cards, coupons)  Variety of goods( color, size, design, shape)  Urbanization(New malls, organized shops)  Youth driven culture( 40% btw 20-49)
  • 7. OTHER CHANGES IN CONSUMER BEHAVIORS Changing trend ( bulk purchasing, better status etc.) FDI, online shopping, celebrity influence, freebies Nuclear families Taste and preferences, doesn't mind paying extra Indian consumers want to live present does not believe in saving for future  Indian culture value collectivism More information from internet (education) Culture developed from surrounding
  • 9. WHY ORGANIZED? • Everything at one place • More concern about quality of perishable products • Affordable range of prices • Offers available • More variety • No chance of getting cheated • Services offered
  • 10. SOCIAL CLASS AND SUB-CULTURE AFFECTING CONSUMER BEHAVIOR • People are usually grouped in social classes according to income, wealth, education, or type of occupation. • There is a major difference in the consumer behavior of different social classes. The upper class, for example, has more disposable income and can thus spend more on most products. • On basis of sub-culture it is divided as religion, age, gender etc. eg: Hindus and Muslims are different for all seven types of shopper: the demanding, practical, trendy, traditional, economic, thoughtful and innovative