Influence of consumer characteristics on buying behavior

61
Influence of consumer characteristics on buying behavior

Transcript of Influence of consumer characteristics on buying behavior

Page 1: Influence of consumer characteristics on  buying behavior

Influence of consumer

characteristics on

buying behavior

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BEHAVIOR

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Study of

Selection, Buying, Usage And Disposal

of

Ideas, Experiences, Goods & Services

to satisfy

Needs And Wants

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FACTORS

RESPONSIBLE

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CULTURAL

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Culture is the fundamental

determinant of person’s

wants and behavior

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SUBCULTURES

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PROVIDES

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MORE

Specific Identification

and

Socialization

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INCLUDES

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Nationalities

Religions

Racial Groups

Geographic Regions

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Marketers develop

specialized marketing

programs for a particular

subcultures when required.

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Indian Marketers uses

SEC (Socio-Economic Classification)

to classify buyers in India.

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Urban Uses Education and Occupation of Chief

Wage earner to classify in 8 categories.

A1|A2|B1|B2|C|D|E1|E2

Highest Potential Lowest Potential

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Rural Uses Type of house and Occupation of Chief

Wage earner to classify in 4 categories.

R1|R2|R3|R4 Descending order of purchasing power

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SOCIAL

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Reference groups

affects attitude or behavior

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REFERENCE GROUPS

Direct Influence

Primary groups

Secondary groups

Indirect Influence

Aspirational groups

Dissociative groups

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Direct

Influence Groups to which one belongs informally

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PRIMARY GROUPS Family

Friends

Neighbors

Co-workers

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SECONDARY GROUPS

Religion

Professionals

Trade-unions

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Indirect

Influence Groups to which one does not belong

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ASPIRATIONAL GROUPS

People hopes to join in

near future

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DISSOCIATIVE GROUPS

Individual rejects the

values and behavior

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Family most important consumer

buying organization

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Family of Orientation

(parents and siblings)

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Orient one’s thinking

towards religion,

politics, economics

and love

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Influence is

significant e.g., most families have auto

insurance as their parents

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Family of Procreation

(spouse and children)

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Husband-Wife

engagement

have varied by

product category

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Wife acts as the

main purchasing

agent for food,

sundries and staple

clothing.

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But

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Roles are

changing now

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Both husband and

wife are involved in

purchases and are

possible targets.

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Research have shown that

more than two-thirds of 13-

21 years olds influence family

purchases in electronic

equipment.

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Roles and

Status

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Role consists of the activities

that are expected to be

performed by an individual

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which in turn

connotes

STATUS

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People choose product that

reflect and communicate

their role and their actual or

desired status in society.

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Marketers must be aware

of status-symbol potential

of products and brands.

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PERSONAL

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Age & Stage

in Life Cycle

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Taste in food, clothes,

furniture and recreation

is often related to age.

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Psychological life-cycle

stages may matter.

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Behavior changes as

people go through

passages in life and

give rise to new needs.

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Therefore, marketers

should also consider

critical life events as

marriage, relocation,

career change,

divorce, etc.

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Occupation

and Economic

Circumstances

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Identify occupational

groups that have above

average interest in the

products and services

offered by the marketer.

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Marketers often tailor

product as per the

needs of a particular

occupational groups.

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If economic consideration

indicates to recession,

marketers redesign,

reposition and reprice.

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Lifestyle

and

Value

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Lifestyle is a person’s

pattern of living in the

world as expressed in

activities, interests and

opinions.

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Marketers search for

relationships between their

products and lifestyle

groups.

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There are two kind of

orientations that people

have: Money and Time

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MONEY-ORIENTED Create low cost products

and services.

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TIME-ORIENTED Create convenient

products and services

without limiting the cost

factor.

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SUMMARY

Influ

ence

s o

n C

onsu

me

r B

eha

vio

r

Social Factors

Reference Groups

Family

Roles and Status Cultural Factors

Personal Factors

Age & Stage in Life

Economic Circumstances

Personality

Lifestyle

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THANK YOU