2. โพThe consumer market consists of all
those
individuals and households
who acquire goods and services for
personal use.
CONSUMER MARKET
3. Is the process, a consumer goes
through to make decisions
regarding the purchase, use and
disposal of goods and services.
CONSUMER BEHAVIOUR
4. ๏ถโHow do consumers respond
to marketing efforts the
company might use?โ
๏ถThe most important thing is to
forecast where customers are
moving, and be in front of
them.
WHY STUDY CONSUMER BEHAVIOUR?
5. WHY DOES A CONSUMER BUY GOODS?
To satisfy needs through wants
โข Needs and Wants change
>>>Time
>>>Person
>>>Age
>>>Income
>>>Education
>>>Culture
>>>Marital Status and so onโฆ
6. WHAT DO CONSUMERS ACTUAL BUY?
For Comfort
For Protection
For Show-Off
Example 1: Shoes
7. Example 2: Cars
For Commuting
For Social Status
For Safety
(compared to 2-Wheelers)
8. A consumer does not buy a
product, he/she buys benefits
Point to be noted:
1.Benefits and features are two different concepts.
2.Features are important only in terms of how they
benefit the customer.
3.The feature is meaningless if it doesnโt benefit the
customer
WHAT IS A CONSUMER ACTUAL BUYING?
9. Those influences or considerations
which provide the impulse to
buy, induce action or determine
choice in purchase of goods or
services.
In simple words it is the reason why a
consumer purchases a good
BUYING MOTIVES
15. โพBased on sound judgment.
โพBased on proper testing, observing &
comparing.
1. Economy
2. Utility
3.Comfort & Convenience
4.Durability
5.Security
6.Maintenance and many more
17. โพBased choice of particular person
โพCertain motive to patronise or
support
โพCan be on rational or emotional basis
1. Service
2.Special Discount
3. Location
4. Store loyalty
5. Friendliness
6. Habit and many more
18. COMBINATION OF MOTIVES
โพEmotional and Rational
โพRational and Patronage
โพPatronage and Emotional
Rational
Motives
โข Ease of operation
โข Economy
โข Time savings
Emotional
Motive
โข Increased
leisure time