Chapter 6 Flashcards
Consumer buyer behavior characteristics
Cultural Social Personal Psychological Buyer
Cultural
Culture - Learned from family, church, school, peers and colleagues. Deeply entrenched
Subculture - A group of people with shared value systems based on common life experiences (region, nationalities, religion, race)
Social class - divisions in society whose members share similar values interests and behaviors. (Combination of occupation, income, education, wealth, and other variables)
Social
Reference groups- Membership groups, word-of-mouth, reference/aspirational groups, opinion leaders
Family- Household “power-broker(s)”, Gender stereotypes change, children have strong influence
Roles and status- activities people are expected to perform, esteem given to role by society
Personal
Age and life cycle stage Occupation Economic situation Lifestyle Personality and self-concept- unique psychological characteristics that distinguish a person or group.
Psychological
Motivation - a need requiring satisfaction
Perception
Learning
Beliefs and attitudes
Maslow’s Hierarchy of needs (basic to last)
Physiological needs (hunger, thirst) Safety needs Social needs Esteem needs Self actualisation needs (self improvement and realization)
Buyer decision process
Need recognition Information search Evaluation of alternatives Purchase decision Post-purchase behavior
Cognitive dissonance
Discomfort caused by post-purchase conflict - thinking about the benefits of the brands not purchased and the drawbacks of the brand that was purchased
Buyer decision process for new products
Awareness- Becomes aware but lacks information
Interest- Seeks information about the product
Evaluation- Considers whether to try the product
Trial- Tries new product in small sample
Adoption- Decides to use product regularly
The adoption process
Innovators Early adopters: opinion leaders Early majority (early mainstream) Late majority (late mainstream) Lagging adopters
Characteristics influencing rate of adoption
Relative advantage (superior to existing products)
Compatibility (aligned with values and experience of the market)
Complexity (difficulty to understand)
Divisibility (limited basis and then integrated)
Communicability (benefits easily observed or described)
Business to business
Business demand is derived from consumer demand
Major types of buying situations in B2B
Straight rebuy
Modified rebuy
New task
Systems (solution selling)
Straight rebuy
Routine reorder without any modifications. Very few decisions made.
Modified rebuy
Order with modification
Change in product specifications, prices, terms or suppliers