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PROCESS OF
CONSUMER BUYING
BEHAVIOUR
GROUP NO:2
Joe S Kavukattu
(2017~31~002)
Nasiha Pottanam Chalil
(2017~31~028)
INTRODUCTION
• Refers to the buying behavior of final consumers.
• How consumers acquire, consume and dispose of
goods, services, experiences and ideas.
• Study of the process helps to meet the needs of
customers better.
TYPES OF BUYING DECISION
BEHAVIOUR
1) Complex Buying Behaviour
• High involvement+ significant
differences between brands.
• Occurs when buying risky, expensive
and infrequently purchased products.
• Ex: Agricultural machineries.
2) Dissonance Reducing Buying
Behaviour
• High involvement+ insignificant differences
between brands.
• Product can be purchased from anywhere
without considering the brand.
• Ex: Purchase of furniture.
3)Habitual Buying Behaviour
• Low involvement + insignificant differences
between brands.
• Low cost, frequently purchased products.
• Familiar brands are prefered by consumers.
4)Variety seeking Buying Behaviour
• Low involvement+ significant difference
between brands.
• Lot of brand switching happens.
• Ex: Purchasing a new brand of particular food
item in order to check variety.
CONSUMER BUYING
PROCESS MODELS
Need Recognition
Information search
Evaluation of alternatives
Purchase Decision
Post purchase behaviour
1) NEED RECOGNITION
• First and most crucial step in the process.
• Occurs when the buyer recognizes a problem or
need triggered by:
-Internal stimuli: a personal perception
experienced by the consumer.
-External stimuli: outside influences such
as advertising or word-of-mouth.
2) INFORMATION SEARCH
• Options available are identified or clarified.
Sources of information:
• Personal sources—family and friends
• Commercial sources—advertising, Internet
• Public sources—mass media, consumer
organizations
• Experiential sources—handling, examining,
using the product
3) EVALUATION OF ALTERNATIVES
• How the consumer processes information to
arrive at brand choices.
• Consumer will focus on those product
attributes and features that are most relevant
to their needs at a given point in time.
4) PURCHASE DECISION
• The act by the consumer to buy the most
preferred brand
• The purchase decision can be affected by:
-Attitudes of others
-Unexpected situational factors
5)POST PURCHASE BEHAVIOUR
• Satisfaction or dissatisfaction the consumer
feels about the purchase.
• Relationship between:
-Consumer’s expectations
-Product’s perceived performance.
• Cognitive dissonance is the discomfort caused by a
postpurchase conflict.
THE BUYER DECISION PROCESS
FOR NEW PRODUCTS
• New product -a good, service, or idea that is perceived by
some potential customers as new.
• Adoption process : mental process an individual goes through
from first learning about an innovation to final regular use.
• Stages in the process include:
Awareness Interest Evaluation Trial Adoption
5 ADOPTER GROUPS
PRODUCT FACTORS AFFECTING RATE O
ADOPTION
• Relative advantage
• Compatibility
• Complexity
• Trialability
• Observability
FACTORS AFFECTING THE
PROCESS OF CONSUMER BUYING
BEHAVIOUR
BUYER
BEHAVIOUR
SOCIAL
CULTURAL
PERSO
NAL
PSYCHOL
OGICAL
• SOCIAL FACTORS
1. Opinion leaders
2. Reference groups
a) Normative reference group.
b)Comparative reference group.
3. Family
• CULTURAL & SUBCULTURAL
FACTORS
1. Nationality
2. Geographic regions
3. Religions
4. Racial groups and castes
• PERSONAL FACTORS
1. Age and life-cycle stage
2. Occupation
3. Economic situation
4. Lifestyle
5. Personality and self-concept
•PSYCHOLOGICAL FACTORS
1. Motivation
2. Perception
3. Learning
4. Beliefs and attitudes
STORIES OF BUYER BEHAVIOUR
INFLUENCES ON PRODUCTS
•The Hula
Burger by
McDonald’s.
•Kellog’s
Cornflakes
• Success of Aspee Group of Companies
and failure of Badilli Agricultural Machinery
Ltd in marketing sprayers.
•Success of Nuziveedu Seeds Pvt. Ltd
(NSL) and failure of Bt Cotton seed.
•Success of AMI Group, India and
failure of Shogun Organics Ltd in
marketing of agrochemicals.
•Levi’s Type 1 Jeans
•Vanilla Coke
CONCLUSION
• Consumer behaviour theories and concepts
are important for the marketers.
• Products should be carefully marketed for
successful achievements of organizational
goals.
• Failing to understand different factors affecting
consumer buying behaviour would not meet
the targets of organization.
Process of consumer buying behaviour

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Process of consumer buying behaviour

  • 1. PROCESS OF CONSUMER BUYING BEHAVIOUR GROUP NO:2 Joe S Kavukattu (2017~31~002) Nasiha Pottanam Chalil (2017~31~028)
  • 2. INTRODUCTION • Refers to the buying behavior of final consumers. • How consumers acquire, consume and dispose of goods, services, experiences and ideas. • Study of the process helps to meet the needs of customers better.
  • 3. TYPES OF BUYING DECISION BEHAVIOUR
  • 4. 1) Complex Buying Behaviour • High involvement+ significant differences between brands. • Occurs when buying risky, expensive and infrequently purchased products. • Ex: Agricultural machineries.
  • 5. 2) Dissonance Reducing Buying Behaviour • High involvement+ insignificant differences between brands. • Product can be purchased from anywhere without considering the brand. • Ex: Purchase of furniture.
  • 6. 3)Habitual Buying Behaviour • Low involvement + insignificant differences between brands. • Low cost, frequently purchased products. • Familiar brands are prefered by consumers.
  • 7. 4)Variety seeking Buying Behaviour • Low involvement+ significant difference between brands. • Lot of brand switching happens. • Ex: Purchasing a new brand of particular food item in order to check variety.
  • 8. CONSUMER BUYING PROCESS MODELS Need Recognition Information search Evaluation of alternatives Purchase Decision Post purchase behaviour
  • 9. 1) NEED RECOGNITION • First and most crucial step in the process. • Occurs when the buyer recognizes a problem or need triggered by: -Internal stimuli: a personal perception experienced by the consumer. -External stimuli: outside influences such as advertising or word-of-mouth.
  • 10. 2) INFORMATION SEARCH • Options available are identified or clarified. Sources of information: • Personal sources—family and friends • Commercial sources—advertising, Internet • Public sources—mass media, consumer organizations • Experiential sources—handling, examining, using the product
  • 11. 3) EVALUATION OF ALTERNATIVES • How the consumer processes information to arrive at brand choices. • Consumer will focus on those product attributes and features that are most relevant to their needs at a given point in time.
  • 12. 4) PURCHASE DECISION • The act by the consumer to buy the most preferred brand • The purchase decision can be affected by: -Attitudes of others -Unexpected situational factors
  • 13. 5)POST PURCHASE BEHAVIOUR • Satisfaction or dissatisfaction the consumer feels about the purchase. • Relationship between: -Consumer’s expectations -Product’s perceived performance. • Cognitive dissonance is the discomfort caused by a postpurchase conflict.
  • 14. THE BUYER DECISION PROCESS FOR NEW PRODUCTS • New product -a good, service, or idea that is perceived by some potential customers as new. • Adoption process : mental process an individual goes through from first learning about an innovation to final regular use. • Stages in the process include: Awareness Interest Evaluation Trial Adoption
  • 16. PRODUCT FACTORS AFFECTING RATE O ADOPTION • Relative advantage • Compatibility • Complexity • Trialability • Observability
  • 17. FACTORS AFFECTING THE PROCESS OF CONSUMER BUYING BEHAVIOUR BUYER BEHAVIOUR SOCIAL CULTURAL PERSO NAL PSYCHOL OGICAL
  • 18. • SOCIAL FACTORS 1. Opinion leaders 2. Reference groups a) Normative reference group. b)Comparative reference group. 3. Family
  • 19. • CULTURAL & SUBCULTURAL FACTORS 1. Nationality 2. Geographic regions 3. Religions 4. Racial groups and castes
  • 20. • PERSONAL FACTORS 1. Age and life-cycle stage 2. Occupation 3. Economic situation 4. Lifestyle 5. Personality and self-concept
  • 21. •PSYCHOLOGICAL FACTORS 1. Motivation 2. Perception 3. Learning 4. Beliefs and attitudes
  • 22. STORIES OF BUYER BEHAVIOUR INFLUENCES ON PRODUCTS •The Hula Burger by McDonald’s.
  • 24. • Success of Aspee Group of Companies and failure of Badilli Agricultural Machinery Ltd in marketing sprayers.
  • 25. •Success of Nuziveedu Seeds Pvt. Ltd (NSL) and failure of Bt Cotton seed. •Success of AMI Group, India and failure of Shogun Organics Ltd in marketing of agrochemicals.
  • 28. CONCLUSION • Consumer behaviour theories and concepts are important for the marketers. • Products should be carefully marketed for successful achievements of organizational goals. • Failing to understand different factors affecting consumer buying behaviour would not meet the targets of organization.