What influences shopping? Flashcards
What 7 factors influence shopping?
Cultural Economic Environmental & Ethical Personal Psychological Physiological Social
Give examples of cultural factors?
Beliefs, customs, behaviour. Green Issues (recycling & energy efficiency) Mediterranean people (good quality food)
Give examples of economic factors?
Wages increase & cost of living decrease
Increased credit & luxury buying
Unemployment (decreased spending)
Give examples of environmental/ethical factors?
Impact of product on environment, people treated fairly
Bags for life
Clothing branding choice (child labour)
Give examples of personal factors?
Age, likes/dislikes, job, lifestyle, free time.
Phone choice
Student lunch = packed
Business lunch = leisurely restaurant meal
Give examples of psychological factors?
Self confident, aggressive, personality, body image.
Bad body image - hate shopping, buy online
Social - Eat out & coffee regularly
Give examples of physiological factors?
Maintenance of body & dietary disorders
Allergies - certain brand or store
Health - gym & personal trainer
Give examples of social factors?
Family, friends, sports teams, church groups
Loyal to supermarket (shopped there as a child)
Type & style of clothing same for teens
What are the 4ps that make up the principles of marketing?
Product - What is it?
Price - What does it cost?
Place - Where will we sell it?
Promotion - How will we tell consumer it exists?
Where does advertising appear? (examples)
Media - Newspapers, magazines, TV + cinema.
Outdoors - Billboards, transport + signs.
Direct Mail - Leaflets, fliers + vouchers.
Sponsorship - Events (Sport, entertainment + charity)
What is the main purpose of advertising?
Develop increased levels of recognition and awareness among consumers.
What are some selling techniques?
Packaging, beacon colours, loss leaders, own brands, price checking, financial incentives, pester power + store layout.
Talk about packaging as a selling technique.
Bright, colourful, glossy packaging creates a perception of quality + increases likelihood of purchase.
Talk about loss leaders as a selling technique.
Stores sell product at special offer price so low that it causes the store to lose money. Encourages consumer into store where buy other products to offset loss.
Talk about own brands as a selling technique.
Stores offer own brands as cheaper alternatives to branded products.