Consumer behavior refers to how individuals make decisions to spend their available resources (time, money, effort) on consumption-related items. This includes what they buy, why they buy it, when they buy it, where they buy it, how often they buy it, and how often they use it. Consumer behavior is influenced by cultural, social, personal, and psychological factors. Marketers must understand these factors and how they influence consumers at different stages of the buying process. This document discusses the key factors that influence consumer behavior for Link Direct International, including cultural, social, personal, and psychological considerations. It also provides a brief SWOT analysis of the organization.
Managing the merchandise and retail marketingSanjay Jana
these are very useful slides related to retail marketing and merchandise management. it helped me a lot in understanding the changing scenario of the consumers from unorganized retailing to organized retailing.
Details about Merchandise management and product decisions related with. It is a part of Retail Marketing. Interested people can gather knowledge from this PPT
Managing the merchandise and retail marketingSanjay Jana
these are very useful slides related to retail marketing and merchandise management. it helped me a lot in understanding the changing scenario of the consumers from unorganized retailing to organized retailing.
Details about Merchandise management and product decisions related with. It is a part of Retail Marketing. Interested people can gather knowledge from this PPT
Consumer attitude towards consumer behaviourArun Gupta
Attitude, nature of attitude, factors of attitude, consumer attitude, components of attitude, structural models of attitude, issues in formation of attitude, conclusion
Retail Sore, Store management, Responsibilities of store manager, Store objectives, Store design, Principles of store design, Layout, Types of layout, Signage, Feature Areas
Retail Store Design, Functions/ Responsibilities of Store Manager, Retail Store Objectives, Principles of Retail Store Design, Types of Layout, Signage and Graphics, Feature Areas, Space Management, Tools used for positioning of items
Retail Merchandising Strategy for Fashion MerchandiseVISHWA VARUN
Research provides a basic understanding of the merchandising concept to underline the relevance of merchandise planning in a retail organization. To provide information on merchandise grouping, defining the concept of merchandise hierarchy. It explains what is meant by merchandise buying and replenishment planning.
This research also covers the planning and carrying out of buying and selling activities including the responsibilities of buyers. It follows the flows of merchandise from arrival in the store to purchase by the customers. Today, stores use aggressive merchandising techniques for men’s and children clothing too. Fashion influence has also spread to all other areas of retailing from cosmetics and home furnishings to cookware.
Every area of merchandising responsibility needs planning and organization to make it function properly and to ensure successful buying and selling. Merchandising responsibilities are usually divided between two chains of command .The buying line has responsibility for merchandise content and assortment; the store line is the liaison between the merchandise organization and customers. The buying line works behind the scenes; the store line interface with customers on a daily basis. The goal is to sell merchandise.
The merchandise managers and buyers of the buying line must do all the planning and other activities necessary to bring the right merchandise in to the store at the right time to satisfy the store customers.
Key measure of the retailer’s success is selling as much merchandise as possible at the highest profit margin.
Retailers can no longer depend on random sourcing / buying in the hope that they will sell them all.
There are two major areas of profit leakage in retail. Firstly - lost sales resulting from lack of stock, and secondly - forced margin reductions (markdown) due to excessive stock.
There are processes and solutions in order to reduce and eliminate excess inventory and maximise profit. That is "Merchandise Planning".
Merchandise Planning is "A systematic approach by the retailer, aimed at maximising return on investment, through sales & inventory planning, in order to increase profitability”.
Main goal of Merchandise planning is to maximize the use of assets, and resources a company owns.
In the long run, effective merchandise planning can save time, help streamline business processes and objectives, and optimize and mobilize inventory to get it off the shelves into the hands of the consumers for the right price.
Consumer attitude towards consumer behaviourArun Gupta
Attitude, nature of attitude, factors of attitude, consumer attitude, components of attitude, structural models of attitude, issues in formation of attitude, conclusion
Retail Sore, Store management, Responsibilities of store manager, Store objectives, Store design, Principles of store design, Layout, Types of layout, Signage, Feature Areas
Retail Store Design, Functions/ Responsibilities of Store Manager, Retail Store Objectives, Principles of Retail Store Design, Types of Layout, Signage and Graphics, Feature Areas, Space Management, Tools used for positioning of items
Retail Merchandising Strategy for Fashion MerchandiseVISHWA VARUN
Research provides a basic understanding of the merchandising concept to underline the relevance of merchandise planning in a retail organization. To provide information on merchandise grouping, defining the concept of merchandise hierarchy. It explains what is meant by merchandise buying and replenishment planning.
This research also covers the planning and carrying out of buying and selling activities including the responsibilities of buyers. It follows the flows of merchandise from arrival in the store to purchase by the customers. Today, stores use aggressive merchandising techniques for men’s and children clothing too. Fashion influence has also spread to all other areas of retailing from cosmetics and home furnishings to cookware.
Every area of merchandising responsibility needs planning and organization to make it function properly and to ensure successful buying and selling. Merchandising responsibilities are usually divided between two chains of command .The buying line has responsibility for merchandise content and assortment; the store line is the liaison between the merchandise organization and customers. The buying line works behind the scenes; the store line interface with customers on a daily basis. The goal is to sell merchandise.
The merchandise managers and buyers of the buying line must do all the planning and other activities necessary to bring the right merchandise in to the store at the right time to satisfy the store customers.
Key measure of the retailer’s success is selling as much merchandise as possible at the highest profit margin.
Retailers can no longer depend on random sourcing / buying in the hope that they will sell them all.
There are two major areas of profit leakage in retail. Firstly - lost sales resulting from lack of stock, and secondly - forced margin reductions (markdown) due to excessive stock.
There are processes and solutions in order to reduce and eliminate excess inventory and maximise profit. That is "Merchandise Planning".
Merchandise Planning is "A systematic approach by the retailer, aimed at maximising return on investment, through sales & inventory planning, in order to increase profitability”.
Main goal of Merchandise planning is to maximize the use of assets, and resources a company owns.
In the long run, effective merchandise planning can save time, help streamline business processes and objectives, and optimize and mobilize inventory to get it off the shelves into the hands of the consumers for the right price.
Marketing environment, classification of marketing environment- macro and micro environment, components of marketing environment, marketing intermediaries, competitors, public, factors of macro environment, social and cultural factors.
Hey Friends , I have compiled some important questions and answers in PDF related to CONSUMER BEHAVIOUR AND MARKETING RESEARCH . Hope it will be useful for everyone !
Consumer behaviour is the study of how individual customers, groups or organizations select, buy, use, and dispose ideas, goods, and services to satisfy their needs and wants
PM Ch 3 Analyzing Consumer & Business Market.pptxetebarkhmichale
Introduction
In life, there are universal laws that govern everything we do. These laws are so perfect that if you were to align yourself with them, you could have so much prosperity that it would be coming out of your ears. This is because God created the universe in the image and likeness of him. It is failure to follow the universal laws that causes one to fail. The laws that were created consisted of the following: ·
Law of Gratitude: The Law of Gratitude states that you must show gratitude for what you have. By having gratitude, you speed your growth and success faster than you normally would. This is because if you appreciate the things you have, even if they are small things, you are open to receiving more.
Law of Attraction: The Law of Attraction states that if you focus your attention on something long enough you will get it. It all starts in the mind. You think of something and when you think of it, you manifest that in your life. This could be a mental picture of a check or actual cash, but you think about it with an image.
Law of Karma: the Law of Karma states that if you go out and do something bad, it will come back to you with something bad. If you do well for others, good things happen to you. The principle here is to know you can create good or bad through your actions. There will always be an effect no matter what.
Law of Love: the Law of Love states that love is more than emotion or feeling; it is energy. It has substance and can be felt. Love is also considered acceptance of oneself or others. This means that no matter what you do in life if you do not approach or leave the situation out of love, it won't work.
Law of Allowing: The Law of Allowing states that for us to get what we want, we must be receptive to it. We can't merely say to the Universe that we want something if we don't allow ourselves to receive it. This will defeat our purpose for wanting it in the first place.
Law of Vibration: the Law of Vibration states that if you wish on something and use your thoughts to visualize it, you are halfway there to get it. To complete the cycle you must use the Law of Vibration to feel part of what you want. Do this and you'll have anything you want in life.
For everything to function properly there has to be structure. Without structure, our world, or universe, would be in utter chaos. Successful people understand universal laws and apply them daily. They may not acknowledge that to you, but they do follow the laws. There is a higher power and this higher power controls the universe and what we get out of it. People who know this, but wish to direct their own lives, follow the reasons. Successful people don't sit around and say "I'll try," they say yes and act on it.
Chapter - 1
The Law of Attraction
The law of attraction is the most powerful force in the universe. If you work against it, it can only bring you pain and misery. Successful people know this but have kept it hidden from the lower class for centuries because
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Factors influencing consumer behaviour in link direct pvt ltd
1.
2. Consumer is the person who consumes
goods & services.
BEHAVIOUR-:
It is a specific type of manner in which a person
behaves
CONSUMER BEHAVIOUR-:
DEFINITION-:
The buying behaviour of final consumers –
individuals & households that buy goods &
services for personal consumption.
Consumer behaviour refers to the selection,
purchase and consumption of goods and services
for the satisfaction of their wants.
FACTORS AFFECTING
CONSUMER BEHAVIOUR
3. FACTORS AFFECTING CONSUMER
BEHAVIOUR
Consumer purchases or behaviour is affected
strongly by cultural, social, personal &
psychological characteristics or factors
CULTURAL FACTORS-: Cultural factors
exert a broad & deep influence on consumer
behaviour. The marketers need to understand the
role played by the buyer’s culture, subculture &
social class.
CULTURE-: is the part of every society and is the
important cause of person wants and behaviour.
SUB CULTURE-: include nationalities, religions,
racial groups & geographic regions.
SOCIAL CLASS-: a social structure which is
important to the marketers determined by various
factors like-: wealth, education, occupation etc.
4. SOCIAL FACTORS
REFRENCE GROUP-: Reference groups have potential
in forming a person attitude or behaviour. Reference groups
include opinion leader (a person who influences other because
of his special skill or knowledge )
FAMILY-:Buyer behaviour is strongly influenced by the
member of a family.
ROLES & STATUS-:Each person possesses different
roles and status in the society depending upon the groups,
clubs, family, organization etc. to which he belongs
5. PERSONAL FACTORS
Personal factors can also affect the consumer behaviour. Some of
the important personal factors that influence the buying behaviour
are: lifestyle, economic situation, occupation, age & personality
PSYCHOLOGICAL FACTORS
There are four important psychological factors affecting the
consumer buying behaviour
6. PRACTICAL STUDY OF THE
ORGANIZATION:-
Link direct international pvt (ltd)
Link direct international (private limited ) is a private company which is subsidiary of
M/S Pakistan Mobile Communications limited (Mobilink) . The company was
registered in 2004 with its main business as Telecommunication and currently its
present registered address at F8 Markaz Islamabad.
VISION
we will provide effective Internet services and solutions to individuals and
businesses throughout the region, so empowering them to pursue and achieve
excellence.
MISSION
We will build a leading , profitable , service-oriented Organization that’s
consistently delivers innovative solutions and reliable services.
7. FACTORS INFLUENCING CONSUMER BEHAVIOUR IN
LINK DIRECT INTERNATIONAL (PVT) LTD
In link direct there are many factors which effect
the behavior of the consumer that are cultural ,
social, personal and PSYCHOLOGICAL factors.
In link direct marketing research department and
CSR departments monitor the behavior of the
buyer towards the product and take into account
all those above mentioned factors.
All factors that influence the buyer are conciously
observed by the link direct respective marketing
departments and necessary measures are taken
after that.
8. Strengths
In Link direct its been always make sure that no advertisement is against the cultural
values of the Pakistan .so all the ads are neutral in this regard
There are different packages which are offered according to the cultural events like
ramzan , eid etc .
Company offers different brands to different age groups as well as different packages to
different people in terms of style and status. `
festival are arranged for customers like tambola festival to get involve people socially
which is great strength in Pakistan because people like social gathering here in Pakistan.
Company follow culture trends like facebook and whats app introducing different packages
so they become company strength.
Weaknesses
In Link direct buyers perceptions are not awarded the required value which can
result in buyers diversion towards rivals product in the market.
SWOT ANALYSIS:-
9. If there is political stability in Pakistan there are more customers which have pleasant effect on
company growth due to more selling.
There is a big opportunity for the company to achieve high sales if income of people is
increased due to GDP growth as their status grow up .
OPPORTUNITY FOR CONSUMERS TO GET SOCIALLY ATTACHED WITH OTHER BY USING COMPANY
PACAGES AND OFFERS.
Threats:-
• If there is extremism government or customers become narrow minded in respect of culture
its become a serious threat for the company.
•Economic crises like as came in 2005 can be major threat for company because buyers
purchasing power become very low due to it.
OPPORTUNITIES:-
10. It is recommended that company should take into account all the factors that
influence consumer buyer behavior including psychological factor as well.
Company should always be updated in time about the buyers behavior so thast steps
are taken by company in that regard.
RECOMMENDATIONS:-