The document discusses customer buying motives and behaviors. It aims to explain why customers buy and classify different customer buying motives. It discusses how needs and wants differ, and how various factors like age, income, and culture can influence them. Motives are categorized as emotional or rational, and the document explores how both motive types can combine or conflict. The salesperson's role is to understand the customer's dominant motives.
Consumer Decision Making Process and Changing Indian Consumers and its Impact,Consumer Profiling for a Consumer Durable product like LCD, LED, Smart Phone, etc
Consumer Decision Making Process and Changing Indian Consumers and its Impact,Consumer Profiling for a Consumer Durable product like LCD, LED, Smart Phone, etc
This Module explains Advertisement Definition, Concept, Features, Objective of Advertising, Purpose, Importance, Characteristics, Advertising Functions, Advertising and Marketing Management, Classification of Advertisement, Creation of Ads and Advertisement Industry in India.
Example Presentation Of Product PowerPoint Presentation SlidesSlideTeam
Explore our Example Presentation of Product PowerPoint Presentation Slides. Incorporate these PPT slides to evaluate new product ideas strategies and market trends. The new product introduction compete deck comprises of content ready templates such as product ideas screening, understanding customer needs, understanding customer needs, external and internal sources of new product ideas, product roadmap, category analysis, product lifecycle, tools and techniques, BCG matrix, empathy map kano model, market analysis, product market mapping, competitive strategies, market attractiveness, development and manufacturing plans, marketing launch plan, budgeting template, repositioning strategy, building brand preference, marketing and launch cost analysis, product feasibility review, product quality check, launch monitoring dashboard and more. All slides are easy to customize. Users can add or delete content if needed. Demonstrate new product development strategy with this product Introduction PowerPoint visuals. Download NPI Presentation to successfully introduce and market your latest product or service.
This Presentation describes the fourth P of Marketing. The presentation discuss Promotion Definition, Integrated Marketing Communication Process, Promotion Mix, Marketing Communication, Marketing Communication Process, Objectives of Promotion, Advertising, Sales Promotion, Public Relation and Direct Marketing
This power point presentation contain mainly- Aims and Objectives,Def” of Advertising,Brand and Marketing mix,The marketing mix,Role of Advertising,The Advertising Plan,The importance of advertising,Types of advertising,Major advertising media,The Functions of Advertising,The Key Players,Components of Advertising,What Makes an Ad Effective?.
This Module explains Advertisement Definition, Concept, Features, Objective of Advertising, Purpose, Importance, Characteristics, Advertising Functions, Advertising and Marketing Management, Classification of Advertisement, Creation of Ads and Advertisement Industry in India.
Example Presentation Of Product PowerPoint Presentation SlidesSlideTeam
Explore our Example Presentation of Product PowerPoint Presentation Slides. Incorporate these PPT slides to evaluate new product ideas strategies and market trends. The new product introduction compete deck comprises of content ready templates such as product ideas screening, understanding customer needs, understanding customer needs, external and internal sources of new product ideas, product roadmap, category analysis, product lifecycle, tools and techniques, BCG matrix, empathy map kano model, market analysis, product market mapping, competitive strategies, market attractiveness, development and manufacturing plans, marketing launch plan, budgeting template, repositioning strategy, building brand preference, marketing and launch cost analysis, product feasibility review, product quality check, launch monitoring dashboard and more. All slides are easy to customize. Users can add or delete content if needed. Demonstrate new product development strategy with this product Introduction PowerPoint visuals. Download NPI Presentation to successfully introduce and market your latest product or service.
This Presentation describes the fourth P of Marketing. The presentation discuss Promotion Definition, Integrated Marketing Communication Process, Promotion Mix, Marketing Communication, Marketing Communication Process, Objectives of Promotion, Advertising, Sales Promotion, Public Relation and Direct Marketing
This power point presentation contain mainly- Aims and Objectives,Def” of Advertising,Brand and Marketing mix,The marketing mix,Role of Advertising,The Advertising Plan,The importance of advertising,Types of advertising,Major advertising media,The Functions of Advertising,The Key Players,Components of Advertising,What Makes an Ad Effective?.
Effectiveness of micro finance on living standards and empowerment1venkatesh yadav
Effectiveness of micro finance on living standards and empowerment,Micro- Finance - Meaning,Characteristics of Micro-finance,Microfinance Products and Services,Statement of the Problem
George Brewster, Founder and President of Gimbal Systems, shares strategies for counteracting four negative mindsets that cause failure in sales. George reflects on the changing sales environment, and how modern salespeople can achieve success.
This is a speech I delivered to the Manila branch of the Information Systems Audit and Control Association (ISACA Manila). It features the traits of each generation (traditionalist, baby boomers, generation X and millenials) and how we can motivate them in our workplace.
Customer discovery is a crucial component of the entrepreneurial process, foc...Dr. Prof. Kiran Shinde
Customer discovery is a crucial component of the entrepreneurial process, focusing on understanding the needs, preferences, and pain points of potential customers
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interactive session breakthrough approaches (models, frameworks and techniques) are discussed to gather customer insights and validation.
Formulating a Customer Value Proposition
The customer value proposition is at the core of formulating the product strategy blueprint
A key output of business strategy is the customer value proposition (CVP) with its tangible manifestation being the organization products/services.
The CVP is the strategic guidepost for product design and product marketing (campaigns and messaging to the customers). All product management activities (market intelligence, customer research, product market position analysis) are in effect an input in defining the CVP (for new products) and enhancing the CVP appeal (for existing products). As such, formulating a CVP is a core element of product strategy process and output.
Defining Customer Value Proposition elements
At its highest level, a CVP is a statement defining your promise to your (target) customers, stating the benefits (value) they will receive by buying your product/service – it sets the value/price equation to the intended target market. The CVP should be a succinct customer centric statement that articulates how the product/service will benefit customers.
The CVP design is informed by and should be aligned back to the organization overall corporate/business strategy. It should start by defining the customer target segment with clear articulation of what customer problems/pain points are being solved.
See below the visualization of the CVP design elements and where it fits between high level corporate strategy and marketing- the high level strategy shapes the CVP and marketing communicates and sells the CVP.
The CVP summarizes the sum of all the benefits provided to the customer– it is the total sum of functional and emotional benefits that a company promise to deliver through its product/service
Another description of CVP from Harvard Business Review article (Customer Value Propositions in Business Markets- March 2006).
Translating the CVP into tangible product/service offerings
The CVP statement then needs to be translated in detailed into the product/service offerings
• design attributes (design, quality, features, functionalities)
• price (pricing model and setting)
• experience (customer journey from applying to use & servicing).
• channels of distribution
Those elements need to have clear value outcome (driving functional, emotional, economic customer benefits) with points of distinction.
Another way to visualise the CVP is as per below - starting from the core (the proposition) then expanding to the additional product /service offering layers.
Why the CVP is important?
For customers, the CVP statement is the promise of the value to be received. For a company, it sets strategic guidepost on the product design/marketing positioning, framing
• the company value position (determining what value you will deliver to customer),
• method of delivery (elements of value)
• the value messaging to its customers as part of the marketing mix
In addition, the CVP will help defining the product roadmap
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Service ,Supply chain management ,Characteristics of service,Product And Service Marketing Mix
Differences B/W Goods and Services,Classification of service,Service encounter,Service blueprint,service marketing triangle, types of marketing traingle.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
Normal Labour/ Stages of Labour/ Mechanism of LabourWasim Ak
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Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
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at Integral University, Lucknow, 06.06.2024
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Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
for beginners, providing thorough training in areas such as SEO, digital communication marketing, and PPC training in Noida. After finishing the program, students receive the certifications recognised by top different universitie, setting a strong foundation for a successful career in digital marketing.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
1. Core Concepts of Marketing and
Buying Motives
By
Asst Prof. Venkatesh.N
Koshys Institute of Management Studies
2. Objectives of the Study
A. Explain why customers buy.
B. Classify customer buying motives.
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3. Objective A
Explain why customers buy.
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4. All People Have Needs and
Wants.
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5. A Need . . .
Shelter
Food
Something required or essential which is lacking
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Studies by Venkatesh.N
6. People can have a variety of needs
A Want same. time.
..
and wants at the
?
Once a need /want
?
is satisfied, people
can concentrate
on others.
?
Something desiredInstitute of not always essential
but Management
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Koshys
Studies by Venkatesh.N
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7. People Do Not Want and Need the
Same Things at the Same Time.
The car you want
may not appeal to
your neighbor.
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This difference
accounts for the
variety of goods and
services available.
Koshys Institute of Management
Studies by Venkatesh.N
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8. Needs and Wants Change.
As you go through
When you get older,
In high school
life, needs/wants
the professional
you might want
image of a briefcase change or
may a backpack.
is desired.
become less
important.
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9. Many Factors Cause Needs/Wants to Change.
Age
Educational level
Marital status
Income level
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Parenthood
9
10. Many Factors Cause Needs/Wants to Change.
Place of residence
Influence of friends
and relatives
Culture
Seasons of the year
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Economic conditions
11. People Buy Goods and Services to
Satisfy Needs and Wants.
Product:
Reasons for buying:
To be like their friends
People buy theFor comfort
benefits whichFor protection
products/services offer.
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12. People Buy Goods and Services to
Satisfy Needs and Wants.
Product:
Reasons for buying:
The image they
think it represents
Fuel efficiency
Its ability to handle
well in the snow
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13. People Buy Benefits–Not Features
• Features are important only in terms of
how they benefit the customer.
• The feature is meaningless if it doesn’t
benefit the customer.
If customers never drive in
the snow, how interested
would they be in a car that
handles well in the snow?
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14. People Buy Different Benefits
To save time
To get cleaning
power
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15. For sales success . . .
YOU
must determine desired benefits.
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16. Reasons or benefits that cause people to purchase
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products to satisfy their wants and needs
Studies by Venkatesh.N
17. Why Buy a Steak?
Buying Motives
• To be viewed as a certain
type of person
• To make business contacts
• To socialize with others in
age/professional group
A customer needs food
and wants a steak at a
02/08/14 certain restaurant. Institute of Management
Koshys
Studies by Venkatesh.N
17
18. Why Buy a Blazer?
Buying Motives
• The blazer is stylish.
• Everybody has one.
• He thinks he looks
good in blue.
A customer needs
clothing and wants to buy
02/08/14 a navy blue blazer. Institute of Management
Koshys
Studies by Venkatesh.N
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19. Customers Know/Don’t Know
Their Buying Motives
?
02/08/14
?
Why am I
buying this?
?
Koshys Institute of Management
Studies by Venkatesh.N
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21. Motives Change
• From customer to
customer
• From time to
time
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22. Jake’s Cars
As empty nesters,
Jake knew he’d be
Jake’s family wanted a
the envy of his
fuel-efficient car that
friends in a new
was easy to maneuver.
sports car.
As Jake’s family
grew, they needed a
vehicle with lots
of room, comfort,
and safety.
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24. Categories of Buying Motives
Emotional
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Studies by Venkatesh.N
Rational
24
25. Emotional Motives
Feelings, Emotions,
Impulses
02/08/14
Adventure
Affection
Appearance
• Customers
often unaware
Change/Variety
of them
Comfort/Convenience
• Easily
Fear
Health
influenced by
Leisure
advertising
Pleasure
time
and current
stylesRecreation
Recognition
Social or group
Koshys Institute of Management
25
Security approval
Studies by Venkatesh.N
26. Rational Motives
Accuracy
Convenience
• Pros and cons
Durability
Dependability
• Customer
Economy Efficiency
Increased
awareness
Health production
Knowledge
• BottomLow
line
cost/maintenance
Profit Qualityworth
• Money’s of
workmanship/materials
Reason, Judgment,
Safety Service
02/08/14
of Management
26
Logic Koshys InstituteVenkatesh.N
Simplicity Versatility
Studies by
27. Relationship of Emotional and
Rational Motives
ot
m
E
l
na
io
R
at
i
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on
al
Combine
Koshys Institute of Management
Studies by Venkatesh.N
Conflict
27
28. Rational Motives
• Ease of operation
• Economy
• Time savings
Emotional Motive
• Increased leisure time
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29. Emotional Motives
• Appearance
• Prestige
Rational Motives
• Durability
• Quality
• Versatility
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31. $
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We all have
emotional
motives for
buying certain
items, but
we like to
justify spending
our money.
Koshys Institute of Management
Studies by Venkatesh.N
31
32. “But I really do
People prefer to
need that gold-plated
electric shaver.”
believe that they
are buying on
the basis of
rational
motives.
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33. Responsibilities of Salesperson
• Pointing out benefits that appeal to
customer’s rational thinking
• Comparing lists of rational and emotional
motives to find out which motives appear
on both lists
• Determining if the customer is buying for
emotional or rational motives
• Focusing sales presentation on the
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Koshys Institute of Management
customer’s buyingbymotives
Studies Venkatesh.N
33
34. Patronage Motives
• Customer makes purchases in one business
rather than another.
• These motives can be rational or emotional.
Joe’s
Bakery
02/08/14
Karen’s
Baked Goods
Koshys Institute of Management
Studies by Venkatesh.N
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35. Examples
• Customer services
and policies
• Price
90 Days
Same as
Cash!
• Courteous sales staff
• Product
• Product assortment
• Fashion
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37. Digital-based photography sources:
CORBIS CORP.
Small Business
Obj. A: #052
Photos copyright 1998 Corbis Corp.
750 Second Street, Encinitas, CA 92024
DIAMAR
People & Lifestyles Vol. 3
Obj. A: #PEO_04, #PEO_13, #PEO_16
Obj. B: #PEO_03
Photos copyright Diamar Interactive Corp.
600 University Street, 1701 One Union Square, Seattle, WA 98101-1129
DIGITAL STOCK CORP.
Business & Industry
Obj. A: #008
Photos copyright 1998 Corbis Corp.
02/08/14
Koshys Institute
750 Second Street, Encinitas, CA 92024 of Management
Studies by Venkatesh.N
37
38. Digital-based photography sources:
EYEWIRE IMAGES
Corporate Life
Obj. A: #CLI_003
Photos copyright Eyewire Inc.
833 Fourth Ave. SW, Suite 800 Calgary, AB, Canada
PHOTODISC, INC.
Family & Lifestyles Vol. 15
Obj. A: #308
Photos copyright PhotoDisc, Inc.
2013 Fourth Ave., Seattle, WA 98121
STUDIO GEAR
People & Professions 2
Obj. A: #SP2019
Photos copyright Image Club Graphics of Management
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Koshys Institute http://www.imageclub.com
Studies by Venkatesh.N
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39. Digital-based photography sources:
T/MAKER COMPANY
ClickArt Photos
Obj. B: #TRNGR020
Photos copyright T/Maker Company; 1390 Villa Street: Mountain View, CA
94041; tel. (415) 962-0195. Copyright 1994, all rights reserved. ClickArt is a
registered trademark of T/Maker Company. ClickArt Images copyright 19841994 by T/Maker Company. All rights reserved.
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40. Copyright:
All photographic digital images on this CD are owned by the
aforementioned photographic resources or their licensors and
are protected by the United States copyright laws, international
treaty provisions, and applicable laws. No title to or intellectual
property rights to the images on this CD are transferred to you.
These sources retain all rights and are not to be used, digitally
copied, transferred, or manipulated in any way. To do so is a
violation of federal copyright laws.
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