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OUTLET
SELECTION
2024
Factors Influencing Store Choice, Purchase
Environment, and Decision-Making
Department
of
Management
Department
of
Management
2024
Outlet Selection
and Purchase
Decision
In this presentation, we will delve into the world
of consumer decision-making, specifically
focusing on how outlets are chosen, the factors
that influence purchases within a store
environment, and the thought processes that
lead to a final decision at the point of purchase.
We will explore these concepts with specific
examples from the vibrant Indian retail
landscape.
Department
of
Management
Factors
Influencing
Store Choice
Convenience
Location, parking
availability, and store
hours significantly impact
store selection.
Availability of desired
brands and product
categories plays a crucial
role.
Value-conscious Indian
shoppers are drawn to
stores known for
competitive pricing and
frequent sales
Brand image, customer
service experiences, and
product quality all
contribute to a store's
reputation
Price
Product Selection
Store Reputation
Department
of
Management
The Purchase
Environment
A well-organized layout with clear signage makes
navigation easier, influencing the shopping experience.
Store Layout
Lighting, music, and temperature can all impact mood
and influence buying decisions
Ambiance
In-store displays, special offers, and promotional signage
can grab attention and influence purchase decisions.
Sales Promotions
Department
of
Management
Decision-Making at the
Point of Purchase
Product
Comparison
Indian consumers,
especially for high-value
items like smartphones,
often compare features
and prices before making
a decision.
Brand Trust
Familiarity with a brand
and past experiences can
influence purchase
decisions.
Online reviews and staff
recommendations can
play a significant role,
especially for unfamiliar
products.
Eye-catching displays and
strategic product placement
near checkout counters can
trigger unplanned purchases.
Eye-catching candy displays
near checkout counters are a
common tactic.
In-Store Reviews
and
Recommendations
Impulse
Purchases
Department
of
Management
Conclusion
Understanding the factors influencing store selection, the purchase environment, and decision-making at
the point of purchase empowers businesses to create a more customer-centric experience.

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Outlet Selection and Purchase Decision.pdf

  • 1. OUTLET SELECTION 2024 Factors Influencing Store Choice, Purchase Environment, and Decision-Making Department of Management
  • 2. Department of Management 2024 Outlet Selection and Purchase Decision In this presentation, we will delve into the world of consumer decision-making, specifically focusing on how outlets are chosen, the factors that influence purchases within a store environment, and the thought processes that lead to a final decision at the point of purchase. We will explore these concepts with specific examples from the vibrant Indian retail landscape.
  • 3. Department of Management Factors Influencing Store Choice Convenience Location, parking availability, and store hours significantly impact store selection. Availability of desired brands and product categories plays a crucial role. Value-conscious Indian shoppers are drawn to stores known for competitive pricing and frequent sales Brand image, customer service experiences, and product quality all contribute to a store's reputation Price Product Selection Store Reputation
  • 4. Department of Management The Purchase Environment A well-organized layout with clear signage makes navigation easier, influencing the shopping experience. Store Layout Lighting, music, and temperature can all impact mood and influence buying decisions Ambiance In-store displays, special offers, and promotional signage can grab attention and influence purchase decisions. Sales Promotions
  • 5. Department of Management Decision-Making at the Point of Purchase Product Comparison Indian consumers, especially for high-value items like smartphones, often compare features and prices before making a decision. Brand Trust Familiarity with a brand and past experiences can influence purchase decisions. Online reviews and staff recommendations can play a significant role, especially for unfamiliar products. Eye-catching displays and strategic product placement near checkout counters can trigger unplanned purchases. Eye-catching candy displays near checkout counters are a common tactic. In-Store Reviews and Recommendations Impulse Purchases
  • 6. Department of Management Conclusion Understanding the factors influencing store selection, the purchase environment, and decision-making at the point of purchase empowers businesses to create a more customer-centric experience.