6
Analyzing
Consumer Markets

Marketing Management, 13th ed
Chapter Questions
• How do consumer characteristics
influence buying behavior?
• What major psychological processes
influence consumer responses to the
marketing program?
• How do consumers make purchasing
decisions?
• How do marketers analyze consumer
decision making?
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What Influences
Consumer Behavior?
• Cultural factors
• Social factors
• Personal factors

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What is Culture?
Culture is the fundamental determinant
of a person’s wants and behaviors
acquired through socialization
processes with family and other key
institutions.

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Subcultures
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Nationalities
Religions
Racial groups
Geographic regions

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Fast Facts About
American Culture
• The average American:
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chews 300 sticks of gum a year
goes to the movies 9 times a year
takes 4 trips per year
attends a sporting event 7 times each year

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Social Classes
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Upper uppers
Lower uppers
Upper middles
Middle
Working
Upper lowers
Lower lowers

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Characteristics of Social Classes
• Within a class, people tend to behave
alike
• Social class conveys perceptions of
inferior or superior position
• Class may be indicated by a cluster of
variables (occupation, income, wealth)
• Class designation is mobile over time

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Social Factors
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Reference groups
Family
Social roles
Statuses

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Reference Groups
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Membership groups
Primary groups
Secondary groups
Aspirational groups
Disassociative groups

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Family Distinctions
Affecting Buying Decisions
• Family of Orientation
• Family of Procreation

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Personal Factors
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Age
Life cycle stage
Occupation
Wealth

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Personality
Values
Lifestyle
Self-concept

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Brand Personality
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Sincerity
Excitement
Competence
Sophistication
Ruggedness

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Lifestyle Influences
• Multi-tasking
• Time-starved
• Money-constrained

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Table 6.2 LOHAS (Lifestyles of Health
and Sustainability) Market Segments
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Sustainable Economy
Healthy Lifestyles
Ecological Lifestyles
Alternative Health Care
Personal Development

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Key Psychological Processes
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Motivation
Perception
Learning
Memory

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Motivation

Freud’s
Theory

Maslow’s
Hierarchy
of Needs

Herzberg’s
Two-Factor
Theory

Behavior
is guided by
subconscious
motivations

Behavior
is driven by
lowest,
unmet need

Behavior is
guided by
motivating
and hygiene
factors

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Maslow’s Hierarchy of Needs
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Physiological needs
Safety needs
Social needs
Esteem needs
Self-actualization needs

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Perception
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Selective attention
Selective retention
Selective distortion
Subliminal perception

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Figure 6.4 Consumer Buying Process
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Problem recognition
Information search
Evaluation
Purchase decision
Postpurchase behavior

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Sources of Information
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Personal
Commercial
Public
Experiential

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Non-Compensatory Models of Choice
• Conjunctive
• Lexicographic
• Elimination-by-aspects

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Perceived Risk
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Functional
Physical
Financial
Social
Psychological
Time

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Other Theories of
Consumer Decision Making
Involvement
• Elaboration
Likelihood Model
• Low-involvement
marketing
strategies
• Variety-seeking
buying behavior

Decision Heuristics
• Availability
• Representativeness
• Anchoring and
adjustment

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Mental Accounting
• Consumers tend to…
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Segregate gains
Integrate losses
Integrate smaller losses with larger gains
Segregate small gains from large losses

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Chap 6