Topic 4: Consumer Behaviour Flashcards
Consumer buyer behaviour
refers to the buying behaviour of final consumers – individuals and households that buy goods and services for personal consumption
The starting point is the stimulus–response model of buyer behaviour
marketing and other stimuli enter the consumer’s ‘black box’ and produce certain responses
Marketing stimuli
consist of the marketing mix elements: product, price, placement logistics and promotion, together with the people, processes and physical evidence involved
Other stimuli include
forces and events in the buyer’s environment: economic, technological, political, social and cultural.
The marketer wants to understand how the stimuli are changed into responses inside the consumer’s black box, which has two parts
First, the buyer’s characteristics influence how he or she perceives and reacts to the stimuli. Second, the buyer’s decision process itself affects the buyer’s behaviour. We look first at buyer characteristics as they affect buyer behaviour and then discuss the buyer decision process.
Characteristics affecting consumer behaviour
cultural, social, personal and psychological characteristics
Cultural factors
the buyer’s culture, cultural group and social class
Culture
The set of basic values, perceptions, wants and behaviours learned by a member of society from family and other important institutions.
cultural groups
Each culture contains smaller cultural groups, or groups of people with shared value systems based on common life experiences and situations
Social factors
A consumer’s behaviour also is influenced by social factors, such as the consumer’s small groups, family, social roles and social status.
Personal factors
A buyer’s decisions also are influenced by personal characteristics, such as age and life-cycle stage, occupation, education, economic situation, lifestyle, personality and self-concept.
Psychological factors
A person’s buying choices are further influenced by four main psychological factors: (1) motivation, (2) perception, (3) learning, and (4) beliefs and attitudes
the buyer decision process consists of five stages
1) need recognition, (2) information search, (3) evaluation of alternatives, (4) purchase decision and (5) post-purchase behaviour
adoption process
the mental process through which an individual passes from first learning about an innovation to final adoption’
adoption
is the decision by an individual to become a regular user of the product