Buying behavior

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Transcript of Buying behavior

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Extended problem solving

Limited problem solving

Habitual decision making

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Need recognition Search for information Identification of retailer/merchandise Evaluation of retailer/merchandise Selection of retailer/merchandise Purchase decision Post purchase behaviour

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Social Factors: Family Reference group Culture

Psychological Factors: Motivation Perception Learning Beliefs & Attitudes

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Cultural Factors: Religion Status Gender

Demographic changes Age Gender Ethnicity Income Race

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Economic changes Income Income distribution Consumer spending pattern

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Basic needs Pride Pleasure Profit Peer pressure

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Convenient location Competitive Pricing Large selection of merchandise Good customer service Consumer delight Promotion & Adverising