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Consumer Behavior

Consumer Behavior

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Consumer Behavior

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  1. Consumer Behavior Introduction … Lec. 4 Harcourt, Inc.

  2. Factors Influencing Consumer Behavior

  3. Factors Affecting Consumer Behavior:Psychological Motivation Psychological Factors Perception Beliefs and Attitudes Learning

  4. Motivation refers to the processes that cause people to behave as they do. Once a need is aroused, a state of tension exists that drives the consumer to attempt to reduce or eliminate the need. Motivation

  5. Self Actualization (Self-development) Maslow’s Hierarchy of Needs Esteem Needs (self-esteem, status) Social Needs (sense of belonging, love) Safety Needs (security, protection) Physiological Needs (hunger, thirst)

  6. Motivation Needs provide motives Motivation research Maslow’s hierarchy of needs Perception Selective attention, selective distortion, selective retention Learning Drives, stimuli, cues, responses and reinforcement Beliefs and attitudes Characteristics Affecting Consumer Behavior Key Factors Cultural Social Personal Psychological

  7. Need Recognition Information Search Evaluation of Alternatives Purchase Decision The Buyer Decision Process Postpurchase Behavior

  8. The Buyer Decision ProcessStep 1. Need Recognition Need Recognition Difference between an actual state and a desired state • Internal Stimuli • Hunger • Thirst • A person’s normal • needs • External Stimuli • TV advertising • Magazine ad • Radio slogan • Stimuli in the • environment

  9. Personal Sources Commercial Sources • Family, friends, neighbors • Most influential source of • information The Buyer Decision ProcessStep 2. Information Search Public Sources • Advertising, salespeople • Receives most information • from these sources Experiential Sources • Mass Media • Consumer-rating groups • Handling the product • Examining the product • Using the product

  10. The Buyer Decision ProcessStep 3. Evaluation of Alternatives Product Attributes Evaluation of Quality, Price, & Features Degree of Importance Which attributes matter most to me? Brand Beliefs What do I believe about each available brand? Total Product Satisfaction Based on what I’m looking for, how satisfied would I be with each product? Evaluation Procedures Choosing a product (and brand) based on one or more attributes.

  11. Purchase Intention • Desire to buy the most preferred brand The Buyer Decision ProcessStep 4. Purchase Decision Unexpected situational factors Attitudes of others • Purchase Decision

  12. The Buyer Decision Process Step 5. Postpurchase Behavior • Consumer’s Expectations of • Product’s Performance • Product’s Perceived • Performance Satisfied Customer! Dissatisfied Customer Cognitive Dissonance