Influence of consumer characteristics on buying behavior
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Transcript of Influence of consumer characteristics on buying behavior
Influence of consumer
characteristics on
buying behavior
BEHAVIOR
Study of
Selection, Buying, Usage And Disposal
of
Ideas, Experiences, Goods & Services
to satisfy
Needs And Wants
FACTORS
RESPONSIBLE
CULTURAL
Culture is the fundamental
determinant of person’s
wants and behavior
SUBCULTURES
PROVIDES
MORE
Specific Identification
and
Socialization
INCLUDES
Nationalities
Religions
Racial Groups
Geographic Regions
Marketers develop
specialized marketing
programs for a particular
subcultures when required.
Indian Marketers uses
SEC (Socio-Economic Classification)
to classify buyers in India.
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
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
SOCIAL
Reference groups
affects attitude or behavior
REFERENCE GROUPS
Direct Influence
Primary groups
Secondary groups
Indirect Influence
Aspirational groups
Dissociative groups
Direct
Influence Groups to which one belongs informally
PRIMARY GROUPS Family
Friends
Neighbors
Co-workers
SECONDARY GROUPS
Religion
Professionals
Trade-unions
Indirect
Influence Groups to which one does not belong
ASPIRATIONAL GROUPS
People hopes to join in
near future
DISSOCIATIVE GROUPS
Individual rejects the
values and behavior
Family most important consumer
buying organization
Family of Orientation
(parents and siblings)
Orient one’s thinking
towards religion,
politics, economics
and love
Influence is
significant e.g., most families have auto
insurance as their parents
Family of Procreation
(spouse and children)
Husband-Wife
engagement
have varied by
product category
Wife acts as the
main purchasing
agent for food,
sundries and staple
clothing.
But
Roles are
changing now
Both husband and
wife are involved in
purchases and are
possible targets.
Research have shown that
more than two-thirds of 13-
21 years olds influence family
purchases in electronic
equipment.
Roles and
Status
Role consists of the activities
that are expected to be
performed by an individual
which in turn
connotes
STATUS
People choose product that
reflect and communicate
their role and their actual or
desired status in society.
Marketers must be aware
of status-symbol potential
of products and brands.
PERSONAL
Age & Stage
in Life Cycle
Taste in food, clothes,
furniture and recreation
is often related to age.
Psychological life-cycle
stages may matter.
Behavior changes as
people go through
passages in life and
give rise to new needs.
Therefore, marketers
should also consider
critical life events as
marriage, relocation,
career change,
divorce, etc.
Occupation
and Economic
Circumstances
Identify occupational
groups that have above
average interest in the
products and services
offered by the marketer.
Marketers often tailor
product as per the
needs of a particular
occupational groups.
If economic consideration
indicates to recession,
marketers redesign,
reposition and reprice.
Lifestyle
and
Value
Lifestyle is a person’s
pattern of living in the
world as expressed in
activities, interests and
opinions.
Marketers search for
relationships between their
products and lifestyle
groups.
There are two kind of
orientations that people
have: Money and Time
MONEY-ORIENTED Create low cost products
and services.
TIME-ORIENTED Create convenient
products and services
without limiting the cost
factor.
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
THANK YOU